Ceigall India Ltd. remains unchanged at Rs 376.95, after declining 3.06% over the last week.
Ceigall India Limited has received a Letter of Intent from the Government of Bihar's Department of Mines and Geology for the allotment/leasing of stone blocks in Nawada District (Lot-4, Bhadokhara, Block-D) through a competitive bidding process. The project, involving the mining of stone blocks, has a minable reserve of 4,19,300 cum per year and 20,96,500 cum over five years, with an annual consideration of Rs 28.82 crore, increasing by 20% each year, resulting in a total cumulative value of Rs 214.52 crore (excluding GST and other taxes). The company confirmed that neither promoters, promoter groups, or group companies have any interest in the awarding entity, and the contract does not constitute a related party transaction.
Ceigall India Ltd. shares saw a trading volume of 58721 today, a decrease of 90.38% from the one-week average volume. Ceigall India Ltd. surged by 43.93% year-over-year, outperforming the NIFTY50 index's 7.79% loss.
