Image Source: FinTechBizNews
It has been a week of high-profile for infrastructure major Ceigall India Ltd, with the company extending its winning spurt with two major developments:
Velgaon Substation Triumph:
Ceigall India emerged as the L1 (lowest) bidder for building a state-of-the-art 400/220 kV GIS Velgaon Substation. The high-profile ₹58.5 crore project adds strength to the Ceigall brand in the rapidly growing infrastructure sector and is another milestone in the company's sustained growth.
Annual Tariff Fixation:
Regulators have set Ceigall India's annual tariff at ₹585 million (₹58.5 crore) for the new project, providing the company with stable revenues and boosting investor confidence.
Key Highlights:
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Ceigall India is at the forefront of substation development and upgrade work in India at present.
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The fixed yearly tariff of ₹585 million also stabilizes the financial position of the company.
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The back-to-back wins are likely to underpin Ceigall's project pipeline and profitability guidance for FY25.
With these recent achievements, Ceigall India reasserts itself as an infrastructures giant with the potential to power the nation's energy and transport sectors.
Source: Business Upturn, Rediff MoneyWiz, Eco Recycling News
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