Ceigall India surges on bagging LoI for contract worth Rs 214.52 crore
Ceigall India is currently trading at Rs. 384.00, up by 7.70 points or 2.05% from its previous closing of Rs. 376.30 on the BSE.
The scrip opened at Rs. 369.00 and has touched a high and low of Rs. 384.00 and Rs. 369.00 respectively. So far 6581 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 405.00 on 30-Jun-2026 and a 52 week low of Rs. 223.00 on 09-Dec-2025.
Last one week high and low of the scrip stood at Rs. 389.55 and Rs. 369.00 respectively. The current market cap of the company is Rs. 6604.98 crore.
The promoters holding in the company stood at 82.06%, while Institutions and Non-Institutions held 7.53% and 10.41% respectively.
Ceigall India has secured Letter of Intent (LoI) for a contract pertaining to allotment/leasing of stone blocks in Nawada District Lot-4 (Bhadokhara, Block-D) from Government of Bihar, Department of Mines and Geology. The contract involves the extraction of 4,19,300 cubic meters of stone blocks annually, totalling a mineable reserve of 2,096,500 cubic meters over five years. The total cumulative value of the contract is Rs 214.52 crore (Excl. GST & other Taxes) over a five-year period. The initial annual contract is Rs 28.82 crore with an increment of 20% each year, for a period of five years.
