-- Ceigall India (NSE:CEIGALL, BOM:544223) has emerged as the highest bidder for a contract worth 1.4 million Indian rupees from Water Resources Department of Punjab, India, according to a Thursday filing to the Indian stock exchanges.
The contract is for the de-silting of the Abohar branch, after which the de-silted material will be used for filling purposes in the company's adjoining projects.
The royalty payable to Government of Punjab, Water Resource Department, Abohar will be 3.5 rupees per cubic feet.
The company's shares were down over 1% in recent trade.