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Ceigall India shares rise 3% after winning Rs 58.5 crore annual contract for 35 years

Ceigall India shares: The company received an LoI from REC Power Development & Consultancy for a 35-year infrastructure project worth 585 million annually. The project involves setting up a 400/220 kV Velgaon GIS substation under TBCB norms. The company must submit a 9.35 crore performance guarantee within 10 days.