Ceigall India Limited announced the outcome of its Board Meeting held on September 11, 2026, wherein the Board approved the signing of a Share Purchase Agreement to acquire 100% equity in “Jam Khambhaliya Jamnagar Power Transmission Limited” for ₹0.05 Crore, alongside a 49% equity subscription in a newly proposed Joint Venture entity, HC Concessions Limited, with a cash consideration of ₹0.0049 Crore.

In detail, the acquisition of Jam Khambhaliya Jamnagar Power Transmission Limited (JKJTL) from REC Power Development and Consultancy Limited follows the receipt of a Letter of Intent (LOI) for establishing a major Common Transmission System to evacuate power from Lakadia, Jam Khambhaliya, and Jamnagar in Gujarat under a Tariff-Based Competitive Bidding (TBCB) framework. Concurrently, the 49% equity investment in HC Concessions Limited—a joint venture with HCC Infrastructure Company Limited—will enable Ceigall India to participate in multi-sector infrastructure development, including roads, highways, bridges, power, and urban projects across HAM, BOT, and DBFO delivery models.

Ceigall India Limited is a premier engineering, procurement, and construction (EPC) infrastructure development enterprise specializing in complex elevated structures, highways, bridges, power transmission systems, and bulk drug parks. As of mid-2026, the company holds an unexecuted order book exceeding ₹18,568 Crore, supported by significant order wins in 2025 and 2026 including the ₹5,300 Crore Gujarat power transmission project and a ₹225 Crore industrial park contract in Himachal Pradesh. Renowned institutional backers and prominent global funds such as Goldman Sachs and Nomura maintain significant investment interest in the company’s continuous growth profile.

For the latest quarterly financial results announced for Q1 FY27 (ended June 30, 2026), Ceigall India Limited recorded total revenue from operations of ₹969.64 Crore, reflecting a sequential decrease of 30.07% from ₹1,386.51 Crore in Q4 FY26, but a strong growth of 15.68% compared to ₹838.21 Crore in Q1 FY26. Net profit for the quarter stood at ₹63.75 Crore, marking a sequential QoQ decline of 50.60% from ₹129.04 Crore in Q4 FY26, while demonstrating an upward growth of 24.17% YoY against ₹51.34 Crore reported in the corresponding quarter of the previous year (Q1 FY26).