Ceigall India Limited has emerged as the highest bidder for a contract awarded by the Water Resources Department, Punjab. The contract, valued at ₹14.12 lakh, involves the de-silting of the Abohar Branch between RD 0-69500. The project is expected to be completed within 20 days from the date of the contract agreement.
The contract is a quantity-based agreement with specific terms, including a royalty payment of ₹3.5 per cubic feet to the Government of Punjab’s Water Resource Department in Abohar. Additionally, the de-silted material from the project will be utilised for filling purposes in Ceigall India‘s adjoining projects.
The contract is domestic in nature, and neither the promoter group nor group companies of Ceigall India have any interest in the awarding entity. Furthermore, the contract does not fall under related party transactions.
This information has been made available on the company’s website.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).