Ceigall India Limited has approved additional financial support for its wholly owned subsidiary, Velgaon Power Transmission Limited, to facilitate the implementation of a key power transmission infrastructure project in India.
The company’s Management Committee of the Board of Directors approved the creation of security in connection with a Rupee Term Loan facility sanctioned to Velgaon Power Transmission Limited. The committee also approved further investment in the project special purpose vehicle (SPV) through equity capital, along with the provision of loans, securities, and guarantees based on project funding requirements.
Velgaon Power Transmission Limited operates in the Power Transmission and Distribution sector and serves as the dedicated SPV for the establishment of the 400/220 kV Velgaon GIS Substation project. The company became a wholly owned subsidiary of Ceigall India Limited in January 2026 following the execution of a Share Purchase Agreement.
To support the execution of the project, Ceigall India plans to infuse up to ₹109.19 crore into the SPV through equity investment, unsecured loans, or other financial instruments, depending on the project’s funding requirements. The investment will be made in phases aligned with the project’s capital needs.
Velgaon Power Transmission Limited was incorporated on March 29, 2025, and is currently yet to commence commercial operations. The entity has an authorized and paid-up share capital of ₹5 lakh and is fully owned by Ceigall India Limited.
The proposed investment underscores Ceigall India’s continued focus on strengthening its presence in the power transmission and distribution sector while supporting the development of critical grid infrastructure projects across the country.
