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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
Ceigall India says its joint venture CIL-SAM bags ₹918-cr...
2026-05-03 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Infrastructure company Ceigall India Ltd on Sunday said its joint venture CIL–SAM India has bagged a ₹918.04-crore project from Jaipur Metro Rail Corporation Ltd for design and construction works.

The contract awarded to CIL-SAM involves the design and construction of an elevated viaduct and ten elevated metro stations (excluding architectural finishing) under Jaipur Metro's Phase-II expansion covering 10.8 km, Ceigall India said in a statement.

Ceigall India holds a 74 per cent stake in CIL-SAM, while the remaining 26 per cent is owned by SAM India Builtwell Pvt Ltd.

The total bid cost of the project stands at ₹918.04 crore (inclusive of 18 per cent GST), with an execution timeline of 34 months, it stated.

The ten stations to be constructed under the package are Prahladpura, Manpura, Bilwa Kalan, Bilwa, Goner Mod, Sitapura, JECC, Kumbha Marg, Haldighati Gate, and Pinjrapole Gaushala.

Ramneek Sehgal, Chairman & Managing Director, Ceigall India, said in the statement, "Winning this Jaipur Metro Phase-II package marks an important milestone for Ceigall as we continue to diversify our infrastructure portfolio beyond roads and highways into urban mobility projects."

Ceigall India is an infrastructure engineering, procurement, and construction (EPC) company, which has been engaged in the development of highways, expressways, bridges, flyovers, railway overbridges, tunnels, and runways.

Published on May 3, 2026