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Civil Construction
Legal10 Oct 2025, 11:47 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, announced that it 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 strengthens Ceigall's financial position and highlights its ability to navigate complex infrastructure mandates with integrity and resilience.

Key Highlights

  • Ceigall India secures ₹6.61 Crore Arbitration Award
  • Award includes future interest at 12% per annum
  • Bank Guarantee of ₹80 lakh to be released by Punjab Public Works Department
  • Positive outcome strengthens Ceigall's financial position
  • Reinforces Ceigall's execution credibility and adherence to contractual commitments
CEIGALL
Civil Construction
Ceigall India Ltd

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