GENERAL4 Sept 2026
Small-cap stock Ceigall India jumps over 4% after receiving LOI of ₹5,300 crore | Details here
Ceigall India, a small-cap company, got a letter of intent worth ₹5,300 crore from REC Power Development for a Gujarat power transmission project. This news pushed its shares up more than 4% on Friday. The firm will receive annual charges of about ₹608.67 crore for 35 years after the 36-month construction. Stock prices can keep changing.
Key Statutory Highlights
- Ceigall India received a ₹5,300 crore letter of intent from REC Power Development and Consultancy Limited for a transmission system in Gujarat.
- Its share price rose over 4% on the BSE on 4 September after the announcement.
- The company expects annual transmission charges of ₹608.67 crore over 35 years, with construction expected to take 36 months.
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TaxQue News Desk
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