Home / Business and Economy / Ceigall India Lands Major ₹58.5 Cr Annual Substation Deal
Ceigall India Lands Major ₹58.5 Cr Annual Substation Deal
24 Nov
Summary
- Ceigall India received a letter of intent for a 400/220 kV substation.
- The project has a 24-month completion period and 35-year operation.
- Annual transmission charges for the project amount to ₹58.5 crore.
Ceigall India Ltd has been awarded a letter of intent by REC Power Development and Consultancy Ltd for the development of a 400/220 kV Velgaon substation. This project will be executed through the tariff-based competitive bidding process, marking a significant step for the infrastructure construction company.
The scope of work includes the establishment of the substation, with a stipulated completion period of 24 months from the effective date. Following construction, the project will enter a 35-year operation and maintenance phase, ensuring long-term infrastructure support.
The annual transmission charges for this substantial project are set at ₹58.5 crore, reflecting its considerable scale and importance. Ceigall India is required to provide a contract performance guarantee of ₹9.35 crore within ten days of receiving the letter of intent.
