Ceigall India Receives Bihar Stone Mining Letter of Intent
COAL & MINING

Ceigall India Receives Bihar Stone Mining Letter of Intent

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.

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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code