Ceigall India Share Price Gains Over 2%; Emerges as H1 Bidder for a Project worth ₹214.52 Crore

On September 8, 2026, Ceigall India Limited announced its success in securing a significant mining project in Bihar, as per the exchange filings.  

The infrastructure company emerged as the highest bidder through a competitive e-reverse auction process conducted by the Government of Bihar's Department of Mines and Geology. 

Contract Award Details 

The contract was awarded following a competitive bidding process that concluded on September 7, 2026. Ceigall India Limited was selected as the H1 bidder for the project, which focuses on the competitive allotment and leasing of stone blocks in Nawada District. 

The project is classified as a quantity-based mine block extraction initiative, with the specific site located at Lot-4, Bhadokhara, Block-D in Bihar. 

Project Specifications and Financials 

The project involves extracting a minable reserve of 4,19,300 cubic meters annually, with a total reserve cap of 20,96,500 cubic meters over the contract's duration. The execution period is set for 5 years, with an initial annual consideration of ₹28.82 crore for the first year. 

A 20% compounding financial increment is included each year, bringing the total project value to ₹214.52 crore, excluding applicable statutory taxes. 

Corporate Compliance Information 

Ceigall India Limited has confirmed that neither the promoter nor promoter groups have any business interest in the awarding department. The mining contract is not classified as a related party transaction. 

Read More: Lumino Industries Share Price Gains Over 7% on Day 2, Touches ₹122 High Post Strong Listing! 

Ceigall India Share Price Performance 

As of September 08, 2026, at 2:05 PM, Ceigall India share price on NSE was trading at ₹377.85, up by 2.04% from the previous closing price. 

Conclusion 

Ceigall India Limited has secured a mining project in Bihar valued at ₹214.52 crore over 5 years. The project involves extracting 20,96,500 cubic meters of stone blocks, with an annual financial increment of 20%. 

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