Ceigall India Limited has informed the Exchange about Bagging/Receiving of orders/contracts to Regulation 30 read with Schedule III Part A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015 (SEBI LODR Regulations), We are pleased to inform you that our Company has emerged as L1 bidder in Financial Bid Opening for the following tender invited by Greater Mohali Area Development Authority (GMADA).
CEIGALL · price
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Awaiting price reaction for this filing.
Ceigall India Limited has emerged as the L1 (lowest) bidder in the financial bid opening for a tender floated by the Greater Mohali Area Development Authority (GMADA), a Punjab government development body. The company has notified the stock exchanges under SEBI LODR Regulation 30. As of now, only the L1 status has been disclosed and the actual contract value or scope of work has not been mentioned in the filing. Being L1 means the company is the lowest bidder, but final award typically follows due diligence and acceptance by the authority.
Positive sentiment for shareholders as winning government infrastructure tenders supports Ceigall India's order book growth, though the absence of a disclosed contract value limits immediate quantification of impact. Share price may react on confirmation of award and value details.