What is the contract value for the Velgaon substation project awarded to Ceigall India?

The annual transmission charges for the Velgaon substation project stand at ₹58.5 crore for 35 years.

How long will Ceigall India operate the Velgaon substation?

Ceigall India will operate and maintain the Velgaon substation for a period of 35 years after its completion.

When did Ceigall India receive the letter of intent for the substation project?

Ceigall India received the letter of intent for the Velgaon substation project on Monday, November 24.

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, 2025

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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 Lands Major ₹58.5 Cr Annual Substation Deal

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.

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