Ceigall India has received a Letter of Intent from the Government of Bihar’s Department of Mines and Geology for the allotment and leasing of stone blocks in Nawada district. The letter, dated 28 September 2026, was received by email on 29 September, according to the company’s regulatory filing dated 30 September.

The project relates to Lot 4, identified as Bhadokhara, Block D, and was awarded through competitive bidding conducted via an e-reverse auction. It is a domestic, quantity-based project involving the mining of stone blocks from a designated mine block in Nawada.

The filing stated that the project has a minable reserve of 419,300 cubic metres per year. Over the five-year execution period, the total minable reserve is 2,096,500 cubic metres. The project description also identifies the work as the allotment or leasing of stone blocks, with crusher and sand references included in the listed nature of work.

The annual consideration is Rs. 288.2 mn, with a 20 per cent increment each year over the five-year period. The cumulative contract value is Rs. 2.15 bn, excluding goods and services tax and other applicable taxes. The disclosure did not specify any additional execution conditions beyond the quantity and duration details.

Ceigall India stated that neither its promoter, promoter group nor group companies have any interest in the awarding entity. It also confirmed that the arrangement would not constitute a related-party transaction. The disclosure was submitted to the stock exchanges under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and related reporting requirements. The company said the filing was also available on its website.