Announced Mon, 17 Aug · 17:17 IST
Delhi govt cancels Rs 330.84 Cr road tender won by Ceigall
CEIGALL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹317.00
prior close
₹310.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.1-0.4-1.2-0.6-1.2-0.6———————
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AI summary
Ceigall India informs that the Public Works Department, Delhi Government has cancelled Tender Id 2026_PWD_289374_1 for strengthening and other works of roads under South Maintenance Zone. Ceigall was earlier declared L1 bidder with an aggregate bid cost of Rs 330.84 Crores including GST. The cancellation is due to documentary considerations. The order pertains to road works during 2026-27.
Likely market impact
Negative: Loss of a significant order worth about Rs 330 Cr that was already secured as L1 bidder, which may hit revenue and order book visibility.