Ceigall India, SIML Win Major Road Construction Contract worth Rs 704.70 Crore from MoRTH
Ceigall India Limited (CIL), in partnership with Sushee Infra & Mining Limited (SIML), has received a Letter of Acceptance (LOA) from the Ministry of Road Transport and Highways (MoRTH). The contract involves the construction of a key section of National Highway 913 (NH-913) in Arunachal Pradesh.The joint venture, consisting of CIL (74% share) and SIML (26% share), secured the contract for the construction of road from km 85.60 to km 168.00 of the Lada-Sarli section of NH-913 (Frontier Highway) to Intermediate Lane.
The awarded contract is a domestic opportunity utilizing the Engineering Procurement Construction (EPC) mode. The total consideration for the construction work is Rs 704.70 Crore, excluding GST.
Details regarding the significant terms and conditions of the contract are provided below:
| Particular | Details |
|---|---|
| Awarding Entity | Ministry of Road Transport & Highways (MoRTH) |
| Contract Mode | Engineering Procurement Construction (EPC) |
| State | Arunachal Pradesh |
| Nature of Contract | Construction of road from km 85.60 to km 168.00 of Lada-Sarli section of NH-913 |
| Contract Duration | 48 Months Construction Period |
| Maintenance Period | 05 Years |
| Contract Value | Rs 704.70 Crore (Excluding GST) |
CIL and SIML confirmed that neither the awarding entity nor the contract fall under related party transactions, and the promoter group companies hold no interest in the Ministry of Road Transport & Highways.
The contract scope includes the construction of the road section and subsequent maintenance, ensuring infrastructure development in the state.
CEIGALL Stock Price Movement
Today, shares of Ceigall India Limited edged higher to close at ₹325.55, as the equity gained 3.56% after trading on the day. The stock saw a solid performance within an intraday range of ₹315.35 to ₹328 and recorded a total traded volume of 395,461 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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