Ceigall India Limited JV Bags ₹918 Crore Jaipur Metro Project
Ceigall India Limited, as part of a joint venture, has been declared the L-1 bidder for a Jaipur Metro project worth ₹918.04 Crores. CIL will have a 74% stake in the JV. The project involves constructing an elevated viaduct and stations over 10.8 km and is to be executed within 34 months.
The order value of ₹918.04 Crores is substantial and is expected to have a significant positive impact on the company's revenue and growth prospects.
The company has secured a significant new order, which is positive for its business.
Ceigall India Limited (CIL), in a joint venture with SAM India Builtwell Pvt. Ltd. (SAM), has been declared the L-1 bidder by Jaipur Metro Rail Corporation Ltd for a significant project. CIL will hold a 74% share in the joint venture, while SAM will hold the remaining 26%.
The contract involves the Design and Construction of an Elevated Viaduct and Ten Elevated Stations for the Jaipur Metro Phase-II MRTS. The project spans 10.8 km and is an EPC & Item Rate contract. The total bid cost for this order is ₹918.04 Crores. The execution period for this contract is 34 months.
This order is from a domestic entity, and there are no promoter or promoter group interests in the awarding entity. The transaction is not considered a related party transaction.
What to do with a filing like this
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 high impact, which is the band that most often changes something.
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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.