Ceigall India Limited has secured a new project from the Water Resources Department, Punjab, for the de-silting of the Abohar Branch. The contract, valued at Rs. 14.12 Lacs, involves a quantity-based work order scheduled for completion within 20 days from the agreement date. This domestic order highlights the company’s continued involvement in regional infrastructure maintenance and water management initiatives.
Project Overview and Scope
Ceigall India Limited has officially received a Letter of Acceptance (LOA) for a specialized infrastructure project located in Ropar, Punjab. The contract is focused on the de-silting of the Abohar Branch between RD 0-69500. This project is a quantity-based contract, ensuring specific performance metrics are met during the execution phase.
Contract Terms and Timeline
The contract is valued at Rs. 14.12 Lacs. A key condition of the agreement includes a royalty payment of Rs. 3.5 per Cubic Feet (CFt) to the Government of Punjab. Furthermore, the company is authorized to utilize the de-silted material extracted during the process for filling purposes in its adjoining project sites. The execution of this contract is fast-tracked, with a completion timeline set for 20 days from the date of the formal agreement.
Strategic Significance
This award strengthens the company’s project portfolio within the state of Punjab. By efficiently managing the de-silting process and repurposing materials for internal project needs, the company demonstrates effective resource management. The engagement is strictly a domestic project and is handled independently, with no involvement from promoter groups or related party interests.
Source: BSE
