Rs 13,268.10 Crore Order Book: Road EPC Company Wins Rs 603 Crore NHAI Contract for 10.3 Km 6-Lane Spur Project in Punjab
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The stock price has surged over 3.17 per cent in the last 1 year. The stock has delivered around 20.01 per cent returns from its 52-week low of Rs 222.61 per share.
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On Friday, shares of Ceigall India Ltd fell 3 per cent to Rs 267.15 per share from its previous closing of Rs 275.40 per share. The stock’s 52-week high is Rs 307.90 per share and its 52-week low is Rs 222.61 per share. During the session, the stock surged around 2.36 per cent to its Intraday high of Rs 281.90.
Ceigall India Ltd informed exchanges that its wholly owned subsidiary, Ceigall Infra Projects Private Ltd (CIPPL), has received a Letter of Award (LOA) dated March 27, 2026, from the National Highways Authority of India (NHAI). The contract is for the Construction of a 6-lane access-controlled spur connectivity project in Punjab.
The project involves developing a 10.300 km stretch starting from Ch. 15+100 of the Ambala–Chandigarh section of NH-205A and ending at Ch. 2+500 of the Zirakpur Bypass. The project will be executed under the Hybrid Annuity Mode (HAM), a widely used model in highway development.
The total bid cost of the project stands at Rs 603 crore. The execution timeline includes an 18-month construction period followed by a 15-year Operation and Maintenance (O&M) period. The contract has been awarded by a domestic entity, and it does not fall under related party transactions. Additionally, neither the promoter nor promoter group has any interest in the awarding authority.
The company stated that this order reinforces its position in India’s infrastructure sector and reflects continued trust from NHAI in its execution capabilities. Ceigall India Ltd is engaged in engineering, procurement, and construction (EPC) of highways, expressways, bridges, flyovers, Railway overbridges, tunnels, and runways, and executes projects under both EPC and HAM models.
The company has a market cap of over Rs 300 crore. The stock price has surged over 3.17 per cent in the last 1 year. The stock has delivered around 20.01 per cent returns from its 52-week low of Rs 222.61 per share.
Disclaimer: The article is for informational purposes only and not investment advice.