Rs 13,268.10 Crore Order Book: Road EPC Company Emerges L1 Bidder for Rs 274.08 Crore Highway Project

The share price of Ceigall India Limited jumped 2.5  per cent after the company announced that it has emerged as the L1 bidder for a highway Construction project awarded by the Ministry of Road Transport and Highways (MoRTH). The project was secured in a joint venture with Rajinder Infrastructure Private Limited, where Ceigall India holds a 70 per cent stake in the JV.

Ceigall India Emerges L1 Bidder for Rs 274.08 Crore Highway Project

The contract involves the construction of a road from km 17.812 to km 55.377 of the Bile–Migging section of NH-913 (Frontier Highway) in the state of Arunachal Pradesh. The project will be executed under the Engineering, Procurement and Construction (EPC) mode, according to the company’s regulatory filing.

The total bid value of the project is Rs 274.08 crore, and the contract includes a 48-month construction period along with a 5-year maintenance period after completion. The company also clarified that the order does not involve any related-party transactions and that promoters have no interest in the entity awarding the contract.

Ceigall India Shareholding Structure

As per the latest shareholding pattern for December 2025, promoters held 82.05 per cent stake in Ceigall India Limited. Foreign Institutional Investors (FIIs) increased their stake to 2.90 per cent from 2.48 per cent in the previous quarter, while Domestic Institutional Investors (DIIs) held 5.08 per cent. The public shareholding stood at 9.96 per cent.

About Ceigall India Limited

Ceigall India Limited is an infrastructure engineering and construction company engaged primarily in the development of roads and highways, elevated corridors, bridges, flyovers, and other transportation infrastructure projects across India. The company executes projects mainly under Engineering, Procurement and Construction (EPC) and Hybrid Annuity Model (HAM) frameworks for central and state government agencies, including the Ministry of Road Transport and Highways (MoRTH) and the National Highways Authority of India (NHAI). Ceigall India focuses on large-scale highway construction projects and has built a strong presence in the transport infrastructure sector through timely execution and project management capabilities.

Ceigall India Limited has a market capitalisation of Rs 4,752 crore. The company reported a Return on Capital Employed (ROCE) of 19.4 per cent and a Return on Equity (ROE) of 20.9 per cent. Over the past three years, the company has recorded an average ROE of 28.5 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.