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Ceigall India Shares Soar on Winning ₹215 Crore Bihar Stone Mining Project
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CNBC TV18•30-09-2026, 12:58
Ceigall India Shares Soar on Winning ₹215 Crore Bihar Stone Mining Project
- •Ceigall India secured a ₹214.52 crore stone mining project from the Bihar government in Nawada district, leading to a surge in its share price.
- •The five-year contract involves mining stone blocks at Bhadokhara, Block-D, Lot-4, with an annual value of ₹28.82 crore, increasing by 20% each year.
- •The company will have a minable reserve of 4,19,300 cubic metres annually, totaling 20,96,500 cubic metres over the contract period.
- •This domestic order, awarded through competitive bidding, is not a related-party transaction, and no promoter has an interest in the awarding entity.
- •Ceigall India is diversifying its infrastructure business beyond road construction into renewable energy and transmission & distribution, with 36% of its order book now from these new sectors.
Key Questions Answered
Ceigall India won a stone mining project worth a cumulative value of ₹214.52 crore, excluding GST and other taxes, awarded by the Bihar government for stone blocks located in the Nawada district's Bhadokhara area.
The project grants the company a minable reserve of 4,19,300 cubic metres per year, totaling 20,96,500 cubic metres over the five-year duration of the contract.
The company is steadily expanding its infrastructure portfolio toward renewable energy and transmission and distribution (T&D), with approximately 36% of its order book coming from these sectors following its IPO.
