we are pleased to inform you that CIL-SAM India JV (Ceigall India Limited holding 74% share jointly with SAM India Builtwell Pvt. Ltd. holding 26% share) has received the Letter of Acceptance ....
CEIGALL · price
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Ceigall India Limited's joint venture CIL-SAM India JV (74% owned by Ceigall, 26% by SAM India Builtwell) has received a Letter of Acceptance from Jaipur Metro Rail Corporation Ltd for the design and construction of a 10.8 km elevated viaduct and 10 elevated metro stations under Jaipur Metro Phase-II. The contract value is ₹918.04 crore (inclusive of 18% GST) with an execution timeline of 34 months. This is Ceigall's first major metro rail project, marking its expansion beyond roads and highways into urban mobility infrastructure. The ten stations span from Prahladpura to Pinjrapole Gaushala.
This ₹918 crore order significantly strengthens Ceigall's order book and represents meaningful portfolio diversification into urban transit, which could be positive for the stock given the scale of the contract from a government entity.