Rs 12,598 crore order book: EPC Company Wins Rs 1,089 Crore Highway Contract in Madhya Pradesh
DSIJ Intelligence-2Categories: Mindshare, Trending
The stock is up by 21.4 per cent from its 52-week low of Rs 229 per share and down 23.4 per cent from its 52-week high of Rs 383 per share.
On Monday, December 29, 2025, shares of Ceigall India Ltd (CEIGALL) surged 3.35 per cent to Rs 268.55 per share from its previous close of Rs 259.85 per share. The stock opened at Rs 271.95, touched a high of Rs 273.70, and a low of Rs 267.00, with a volume-weighted average price (VWAP) of Rs 270.65. The company’s 52-week high is Rs 357.20 per share, while the 52-week low stands at Rs 223.00 per share.
The stock witnessed strong trading momentum following the announcement of a major infrastructure project win. Ceigall India Limited, through its wholly-owned subsidiary Ceigall Infra Projects Private Limited, has received a Letter of Award (LOA) for the Indore–Ujjain Greenfield Highway project. The contract, awarded by the Madhya Pradesh Road Development Corporation Limited (MPRDC), carries a bid project cost of Rs 1,089 crore.
The project will be executed under the Hybrid Annuity Mode (HAM), which balances risk and financing between the government and the developer. The scope includes construction of a 48.10 km-long, four-lane, access-controlled greenfield highway starting near Pitra Parvat and terminating at Ujjain, including the Simhastha bypass.
This highway is strategically significant for easing traffic congestion and improving connectivity between major economic and religious hubs in Madhya Pradesh. Ceigall India aims to complete the project within 24 months from the appointment date, emphasising safety, durability, and high-speed vehicular movement. The project win significantly strengthens the company’s order book in large-scale highway and specialised structural works.
About the Company
Established in 2002, Ceigall India Limited stands as an infrastructure Construction company with a strong focus on specialised structural projects. Their expertise encompasses the construction of vital transportation infrastructure, including elevated roads, flyovers, bridges, Railway overpasses, tunnels, highways, expressways, and runways. Beyond new construction, Ceigall also undertakes the maintenance of state and national highways, demonstrating a comprehensive approach to infrastructure development and upkeep.
In its annual results, the net sales increased by 13.5 per cent to Rs 3,437 crore while net profit decreased by 5.6 per cent to Rs 287 crore in FY25 compared to FY24. The company has a market cap of over Rs 4,700 crore and the Order Book stands at Rs 12,598 crore. The shares of the company have a PE of 16x, an ROE of 21 per cent and an ROCE of 22 per cent. The stock is up by 21.4 per cent from its 52-week low of Rs 229 per share and down 23.4 per cent from its 52-week high of Rs 383 per share.
Disclaimer: The article is for informational purposes only and not investment advice.