Ceigall India Bags ₹214.52 Cr Stone Block Mining Contract

Ceigall India Limited (CIL) has received a Letter of Intent from the Government of Bihar, Department of Mines and Geology, for the allotment/leasing of stone blocks in Nawada District (Lot-4, Bhadokhara, Block-D). The contract involves quantity-based mining of stone blocks. The project has a minable reserve of 4,19,300 cum per year, totaling 20,96,500 cum over five years. The annual consideration is ₹28.82 Crore, with a 20% annual increment, leading to a total cumulative value of ₹214.52 Crore (excluding GST and other taxes) over the five-year period. This is a domestic contract awarded through competitive bidding via e-reverse auction.