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Civil Construction
Legal10 Oct 2025, 11:50 am

Ceigall India Secures ₹6.61 Crore Arbitration Award from Arbitral Tribunal

AI Summary

Ceigall India Limited, one of India’s fastest-growing EPC companies, has received an Arbitration Award in its favor from the Honourable Arbitral Tribunal. The award, amounting to ₹6.61 crore along with future interest at 12% per annum effective from 9 October 2025, has been granted in connection with the company’s project for 'Construction of Internal Roads, Estate Public Health Services & Campus Lighting at the Interim Airport Terminal, Halwara IAF Station, District Ludhiana (EPC Mode)'. The Punjab Public Works Department has also been directed to release a Bank Guarantee of ₹80 lakh provided earlier by the company. This positive outcome not only strengthens Ceigall's financial position but also highlights its ability to navigate complex infrastructure mandates with integrity and resilience.

Key Highlights

  • Ceigall India secures ₹6.61 Crore Arbitration Award from Arbitral Tribunal
  • The award pertains to internal roads and allied infrastructure works at Halwara IAF Station, Ludhiana
  • The award includes future interest at 12% per annum effective from 9 October 2025
  • Punjab Public Works Department directed to release a Bank Guarantee of ₹80 lakh
  • Positive outcome strengthens Ceigall's financial position and highlights its execution credibility
CEIGALL
Civil Construction
Ceigall India Ltd

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