Ceigall India JV secures ₹918 crore Jaipur Metro contract
after close1 source ↓written by the desknot a recommendation
- EPC contract
- ₹918.04 crore
- involves constructing
- 10.8 km elevated viaduct
- 10 stations
- completion expected
- 34 months
- in the JV
- 74% stake
Jaipur Metro Rail Corporation awarded a ₹918.04 crore EPC contract to a joint venture of Ceigall India and SAM India Builtwell for the Jaipur Metro Phase-II project. The contract involves constructing a 10.8 km elevated viaduct and 10 stations, with completion expected in 34 months. Ceigall India holds a 74% stake in the JV.
This significant contract may enhance Ceigall India's revenue stream and bolster its position in the infrastructure sector. The project is crucial for improving urban transport in Jaipur, potentially attracting further investments in similar projects.
Not investment advice. For informational purposes only.