Deals8 Sept 2026, 12:43 pm
Ceigall India Ltd Wins Bihar Stone Block Allotment Project
AI Summary
Ceigall India Limited (CIL) has been declared the H1 bidder for the 'Allotment/Leasing of Stone Blocks in Nawada District Lot-4' project by the Government of Bihar, Department of Mines and Geology. The project involves the mining of stone blocks. The contract is for a period of five years, with an annual consideration of ₹28.82 Crore, increasing by 20% each year. The total cumulative value is estimated at ₹214.52 Crore, excluding GST and other taxes. This award signifies a significant business development for CIL in the mining sector.
Key Highlights
- CIL secured H1 bidder status for a Bihar government mining project.
- Project involves leasing of stone blocks in Nawada District.
- Contract value is ₹28.82 Cr annually, growing 20% yearly.
- Total cumulative value estimated at ₹214.52 Cr over five years.
- Award is from the Government of Bihar, Department of Mines and Geology.
Price Impact
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