Ceigall India secures another road project in Arunachal Pradesh worth Rs.274 crore
New Delhi, Aug. 19 -- Ceigall India shares are likely to be on investors' radar in Thursday's trade, August 20, after the company secured another road construction order in Arunachal Pradesh. In its regulatory filing on Wednesday, the company said it had received a Letter of Acceptance (LOA) worth Rs.274.08 crore for Package-2 of the Bile-Migging section of NH-913.
The project has been awarded to a joint venture between Ceigall India Limited and Rajinder Infrastructure Private Limited, in which Ceigall India holds a 70% stake and Rajinder Infrastructure holds the remaining 30%.
Awarded by the Ministry of Road Transport and Highways (MoRTH), the project carries a 48-month construction period followed by a five-year maintenance period. Th...
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