Ceigall India Limited has informed the Exchange about Bagging/Receiving of orders/contracts received a Letter of Intent dated 30th September 2025 from Himanchal Pradesh State Industrial Development Corporation Limited (HPSIDC)
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Ceigall India has received a Letter of Intent dated 30th September 2025 from Himachal Pradesh State Industrial Development Corporation Limited (HPSIDC) for the development of a Bulk Drug Park at Una District, Himachal Pradesh. The scope covers formation cutting, construction of internal roads, storm water drains, a bridge, and boundary fencing under Phase-I. The awarded cost is Rs. 225 crore on an item-rate contract basis with a 3% performance security. The project is to be executed over 18 months. The order has been awarded by a domestic government entity with no related party interest.
This Rs. 225 crore government order strengthens Ceigall's order book and provides revenue visibility over the next 18 months. The stock may see a positive reaction given the size of the contract and the government client, though execution risks typical of infrastructure projects remain.