Ceigall India Limited Secures ₹214.52 Cr Stone Block Contract from Bihar Govt.
Ceigall India Limited secured a contract from the Government of Bihar for stone block mining in Nawada District. The project has an annual value of ₹28.82 Crore, increasing by 20% yearly for five years, totaling ₹214.52 Crore. The contract involves mining 4,19,300 cum annually.
The contract value of ₹214.52 Crore over five years represents a substantial addition to the company's order book and revenue stream, significantly impacting its financial performance.
The company has secured a new order with a significant contract value, indicating business growth and expansion.
Ceigall India Limited (CIL) has been awarded a significant contract by the Government of Bihar, Department of Mines and Geology, for the allotment/leasing of stone blocks in Nawada District.
The project, named 'नवादा जिला के पत्थर भूखण्डों की बोंदडबस्ती हेतू (Allotment/Leasing of Stone Blocks in Nawada District Lot-4) (Bhadokhara, Block -D)', was received via a Letter of Intent dated 28th September 2026, communicated through email on 29th September 2026. This contract falls under a competitive bidding process through E-Reverse Auction.
The contract involves the mining of stone blocks and is a quantity-based project. The execution period is for five years, with an estimated 4,19,300 cum of minable reserve per year and a total of 20,96,500 cum over the five-year term. The financial consideration for this contract is ₹28.82 Crore annually, with a 20% increment each year, leading to a total cumulative value of ₹214.52 Crore, excluding GST and other taxes.
Ceigall India Limited has confirmed that there are no promoter or group company interests in the entity awarding the contract, and the contract does not fall under related party transactions.
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