CEIGALLBSECeigall India LtdHighPositive
Announced Mon, 4 May · 17:34 IST

we are pleased to inform you that Ceigall India Limited has received the Letter of Acceptance (LOA) dated 4th May 2026 from Water Resources Department, Punjab, Ropar.

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Price reaction · full curve 14 horizons · vs prior close
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₹341.00
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₹347.00
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AI summary

Ceigall India Limited has received a Letter of Acceptance from the Water Resources Department, Office of Executive Engineer, Ropar, Punjab for de-silting work on the Abohar Branch (RD 0-69500). The contract is valued at Rs. 14.12 Lacs and is to be completed within 20 days from the date of the Contract Agreement. The work involves removing silt with royalty payable to the Punjab government at Rs. 3.5 per cubic feet, and the de-silted material will be used for filling purposes in the company's adjoining projects. The order is domestic and does not involve any related party transactions or promoter interest.

Likely market impact

This is a relatively small contract (Rs. 14.12 lakh) with a tight 20-day execution timeline. While it demonstrates continued government order inflow, the size is modest and may have limited direct impact on the company's financials or stock price in the near term.