Ceigall India drops after highways authority cancels JV's $123 million contract
27/02/2025 05:58
** Shares of infrastructure construction co Ceigall India CEIG.NS down 2.9% to 260.5 rupees ** Co says National Highways Authority of India (NHAI) cancels highway project contract worth 10.71 billion rupees ($122.89 million) with co's JV ** NHAI to pay damages equivalent to 1% of contract price ** Stock down 37.9% since listing in August 2024 ($1 = 87.1500 Indian rupees) (Reporting by Aleef Jahan in Bengaluru) ((aleefjahan.cs@thomsonreuters.com))
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