Ceigall India Wins Rs 214.52Cr Bihar Mining Project
By Business Desk
Ceigall India secures a Rs 214.52 crore stone block mining project in Bihar for five years. Discover project metrics and stock impact.
Ceigall India Limited has officially received a Letter of Intent from the Government of Bihar for the mining and supply of stone blocks. The contract spans a five-year duration and encompasses Lot No. 4 at Bhadokhara in Block-D of the Nawada district. Following the announcement, shares of Ceigall India traded at Rs 380.35, marking an increase of Rs 2.80 or 0.74% as of 12:33:38 PM IST on September 30, 2026.
Project Metrics and Financial Structure
The project was secured through a competitive bidding process via an e-reverse auction conducted by the Department of Mines and Geology of the Bihar government. The engagement is strictly domestic and does not fall under related-party transactions.
- Cumulative contract value: Rs 214.52 crore excluding GST and other applicable taxes.
- Initial annual project value: Rs 28.82 crore with an annual escalation of 20% over the five-year term.
- Total mineable reserves: 2,096,500 cubic metres across the five-year lifespan, averaging 419,300 cubic meters annually.
This expansion into the mining sector broadens the operational scope of Ceigall India beyond its traditional infrastructure projects. The structural increase in annual project value provides a defined revenue trajectory for the company over the medium term.