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CEIGALL — Ceigall India News Story

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Ceigall India rises after getting order for transmission system project

BUZZ-Ceigall India rises after getting order for transmission system project

** Shares of Ceigall India CEIG.NS rise 2.2% to 348 rupees

** Construction co gets order from REC Power Development and Consultancy for transmission system project to transmit power from three sites

** Total project cost is around 53 bln rupees ($561 mln) and annual transmission charges will be 6.09 bln rupees for 35 years

** Trading vols over 4x the 30-day average at 1.9 mln shares so far

** YTD, CEIG up ~29%


($1 = 94.4800 Indian rupees)


(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))

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