Ceigall India Limited has informed the Exchange about Receipt of Completion Certificate for PWD Project
CEIGALL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ceigall India has received the Completion Certificate for its Punjab PWD project from the Office of the Executive Engineer, National Highway Division. The project involved rehabilitation and upgradation to two lanes with paved shoulders from Makhu to Arifke (24.6 km), including construction of two Railway Over Bridges, executed on EPC mode. The bid project cost was ₹1,272.60 million (about ₹127 crore), awarded on 31 March 2018, and the project has been declared fit for entry into operation with effect from 30 June 2024. The certificate was formally issued on 2 June 2025, suggesting final closure and likely release of pending payments/bills for this older project.
This is positive housekeeping news — it officially closes out a long-pending project, which could help Ceigall recognize final revenue, receive retention money release, and remove any pending liabilities tied to the project. For shareholders, it signals project execution closure rather than new business, so the direct stock price impact is likely limited.