Ceigall India Secures ₹6.61 Crore Arbitration Award from Arbitral Tribunal

Ceigall India Limited, one of India's fastest-growing EPC companies, today announced that it has received an Arbitration Award in its favour from the Honourable Arbitral Tribunal. The award, amounting to ₹6.61 crore along with future interest at 12% per annum effective from 9 October 2025, has been granted in connection with the company's project for "Construction of Internal Roads, Estate Public Health Services & Campus Lighting at the Interim Airport Terminal, Halwara IAF Station, District Ludhiana (EPC Mode)."

In addition to the monetary award, the Punjab Public Works Department has also been directed to release a Bank Guarantee of ₹80 lakh provided earlier by the company.

Commenting on the development, Ramneek Sehgal, Chairman & Managing Director of Ceigall India Limited, said, "The Arbitral Tribunal's award in our favour reinforces Ceigall's execution credibility and adherence to contractual commitments. This positive outcome not only strengthens our financial position but also highlights our ability to navigate complex infrastructure mandates with integrity and resilience. We remain committed to delivering world-class infrastructure projects that contribute to India's growth story."

The arbitration award is expected to have a positive financial impact on the company, further strengthening its position as a trusted EPC partner in India's infrastructure development sector.

Shares of Ceigall India Limited was last trading in BSE at Rs. 261.00 as compared to the previous close of Rs. 261.75. The total number of shares traded during the day was 2983 in over 183 trades.

The stock hit an intraday high of Rs. 263.65 and intraday low of 259.75. The net turnover during the day was Rs. 780024.00.

Source : Equity Bulls

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