Ceigall India Limited has informed the Exchange regarding a press release dated September 28, 2025, titled "In continuation of our letters dated September 25, 2025, and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, Please find enclosed the Press Release titled Ceigall JSPPPL JV Secures ₹509.20 Crore LOA from GMADA for Development of Mohali Township .".
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Ceigall India, through its joint venture with JSP Projects Pvt Ltd (Ceigall 80%, JSPPPL 20%), has received a Letter of Award worth ₹509.20 crore from the Greater Mohali Area Development Authority (GMADA). The project covers construction of internal roads and allied civil, public health, and electrical works in Pockets B, C & D of Aerotropolis, S.A.S Nagar, Mohali, Punjab. The work is to be completed within 24 months under an item-rate contract. This adds to Ceigall's growing order book in North India's urban infrastructure space and reinforces its position as a key EPC player in the region.
This sizable government-backed order strengthens Ceigall's revenue visibility over the next 24 months and highlights its growing footprint in urban infrastructure. For shareholders, the win is a positive signal on execution credibility and order inflow momentum, though actual revenue impact will depend on execution pace and billing milestones.