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Ceigall India Limited announced that its board approved the acquisition of 100% of the shares of Jam Khambhaliya Jamnagar Power Transmission Limited (JKJTL), a wholly owned subsidiary of REC Power Development and Consultancy Limited, for Rs 5,00,000, and a 49% equity investment in a joint venture company to be incorporated with HCC Concessions Limited, with a subscription of 4,900 equity shares for Rs 49,000. The acquisition of JKJTL is linked to a Letter of Intent received from REC Power Development and Consultancy Limited for a common transmission system project, and the joint venture will focus on infrastructure development and construction activities.

Ceigall India Limited announced that its board approved the acquisition of 100% of the shares of Jam Khambhaliya Jamnagar Power Transmission Limited (JKJTL), a wholly owned subsidiary of REC Power Development and Consultancy Limited, for Rs 5,00,000, and a 49% equity investment in a joint venture company to be incorporated with HCC Concessions Limited, with a subscription of 4,900 equity shares for Rs 49,000. The acquisition of JKJTL is linked to a Letter of Intent received from REC Power Development and Consultancy Limited for a power transmission project, and the joint venture will focus on infrastructure development and construction activities.

Ceigall India Limited announced that its Management Committee approved the creation of security for a Rupee Term Loan facility sanctioned to Ceigall Indore Ujjain Greenfield Highway Limited, a subsidiary and project special purpose vehicle, to finance a highway project. The company will also further invest in the Project SPV through equity share capital and loans, with an initial infusion of Rs 29.44 crore, representing 74% ownership, alongside Ceigall Infra Projects Private Limited, a wholly-owned subsidiary, which will hold 26%.

Ceigall India Limited announced that its Management Committee approved the creation of security for a Rupee Term Loan facility sanctioned to Ceigall Indore Ujjain Greenfield Highway Limited, a subsidiary and project special purpose vehicle, and further investment in the Project SPV through equity share capital and loans. The company will infuse Rs 29.44 crore in the form of equity share capital, alongside Ceigall Infra Projects Private Limited, to acquire 74% of Ceigall Indore Ujjain Greenfield Highway Limited, incorporated on January 15, 2026, which has a line of business in infrastructure development and a turnover of Rs 0.40 lakh for the fiscal year ended March 31, 2026.

Net profit of Ceigall India rose 15.27% to Rs 61.30 crore in the quarter ended June 2026 as against Rs 53.18 crore during the previous quarter ended June 2025. Sales rose 15.68% to Rs 969.64 crore in the quarter ended June 2026 as against Rs 838.18 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales969.64838.18 16 OPM %14.7913.02 - PBDT110.8981.55 36 PBT97.8867.42 45 NP61.3053.18 15 Powered by Capital Market - Live News