Rs 13,268.10 Crore Order Book: Road EPC Company Secures Rs 2,160 Crore NHAI HAM Road Project in Bihar

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Rs 13,268.10 Crore Order Book: Road EPC Company Secures Rs 2,160 Crore NHAI HAM Road Project in Bihar

The stock is up by 35.4 per cent from its 52-week low of Rs 223 per share and down 2 per cent from its 52-week high of Rs 308.30 per share.

Ceigall India Ltd, through its wholly owned subsidiary Ceigall Infra Projects Private Limited, has secured a major infrastructure contract from the National Highways Authority of India (NHAI) valued at approximately Rs 2,160 crore. The project, awarded on February 11, 2026, involves the development of a 78.942 km four-lane highway in Bihar under the Hybrid Annuity Mode (HAM). This development focuses on the Sahebganj–Areraj–Bettiah section of NH139W, divided into two primary segments: Sahebganj to Areraj and Areraj to Bettiah.

The Construction phase is slated for completion within 730 days, followed by a 15-year operation and maintenance period to ensure long-term road quality. As a strategically vital corridor, this project is designed to bolster regional connectivity and streamline the movement of goods and passengers across Bihar. By enhancing road safety and infrastructure efficiency, the project aims to stimulate localised economic growth and provide a more robust transport network for the state’s residents and businesses.

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About the Company

Ceigall India Limited is an infrastructure engineering, procurement, and construction (EPC) company engaged in the development of highways, expressways, bridges, flyovers, Railway overbridges, tunnels, and runways. The Company executes projects under EPC as well as Hybrid Annuity Model (HAM) formats and has a strong track record of timely execution across multiple states in India. With a growing Order Book and diversified project portfolio, Ceigall India continues to play a key role in India’s infrastructure development journey.

The company has a market cap of over Rs 5,000 crore and the order book stands at Rs 13,268.10 crore. The shares of the company have a PE of 45x, an ROE of 26 per cent and an ROCE of 22 per cent. The stock is up by 35.4 per cent from its 52-week low of Rs 223 per share and down 2 per cent from its 52-week high of Rs 308.30 per share.

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