Ceigall India Limited bags ₹12.185 crore project from Government of Punjab.
Ceigall India Limited secures ₹12.185 crore project from the Government of Punjab for clearing the Satluj basin, to be completed in 120 days under a royalty-based contract.
The project value is significant and will likely contribute to the company's revenue and profitability, but the impact is not extraordinarily large relative to the company's overall size.
The announcement conveys positive news regarding the company securing a new project, which is likely to have a positive impact on revenue.
* Ceigall India Limited has emerged as the H1 bidder for a tender invited by the Government of Punjab Water Resources Department. * The project involves clearing the choked bed of a creek in the Satluj basin for the Siswan river outfall in the Satluj river. * The project scope includes addressing sedimentation/aggradation from RD. 1680 to 2670 and 3000 to 4410 meters during the upcoming monsoon season of 2025 and disposing of surplus material. * The bid cost for the project is ₹12.185 crore. * The mode of contract is royalty-based. * The order is to be executed within 120 days from the date of agreement. * Royalty payable to Government of Punjab water Resources Department is ₹2.87 per Cubic foot (cu ft). * De-silted Material from the work be used for filling purpose on our projects.
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Ceigall India Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Ceigall India Limited. Read the original for the full detail.