Ceigall India Limited has informed the Exchange about Bagging/Receiving of orders/contracts
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 Limited, through its joint venture CIL-JSPPPL (where Ceigall holds 80% share), has received a Letter of Award from Greater Mohali Area Development Authority (GMADA) for the construction of internal roads (Civil, Public Health and Electrical works) in Pocket B, C & D of Aerotropolis, S.A.S Nagar. The tender cost is Rs. 509.21 crore, with a 24-month execution timeline. The contract is an item-rate domestic order requiring 5% performance security and 5% retention, with no related party interest involved.
This is a significant order win worth around Rs. 509 crore, which translates to roughly 25% of Ceigall's annual revenue based on recent financials, providing strong revenue visibility over the next two years. Positive for the stock as it strengthens the company's order book and reinforces its position in infrastructure development.