Shares of Ceigall India Ltd rose greater than 3% on 26 September after the corporate secured a highway development undertaking for Rs 509 crore.
Ceigall India (CIL) and JSP Tasks (JSPPPL) have received a Letter of Award from the Larger Mohali Space Improvement Authority (GMADA) for the constructing of an inner highway in Pocket B, C, and D of Aerotropolis S.A.S Nagar (Civil, Public Well being, and Electrical Works).
Your complete price of the job is Rs 509,20,80,359. The CIL half is 80%, and the JSPPPL portion is 20%. The contract is ready to be executed in 24 months.
The corporate was the bottom bidder in a tariff-based aggressive bidding course of to develop a grid-connected ground-mounted photo voltaic photovoltaic (PV) undertaking with battery power storage programs (BESS) at Morena Photo voltaic Park in Madhya Pradesh.
The enterprise has quoted a pricing of Rs 2.70/kWh for 220 MW of the Rewa Extremely Mega Photo voltaic undertaking’s whole capability of 440 MW.
Nevertheless, at 12:49 pm, the shares of Ceigall India shed all their early positive factors and have been buying and selling 1.31% decrease at Rs 267.81 on NSE.
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