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Ceigall India Ltd. shares will be in focus on Monday, December 29, after the company announced that it has bagged a Letter of Award (LoA) from the Madhya Pradesh government for a highway project.
The project, bagged by its wholly-owned subsidiary, Ceigall
Infra Projects Pvt. Ltd., is valued at ₹1,089 crore.
Ceigall India said in its filing that the LoA was received from the Madhya Pradesh Road Development Corporation Ltd., for the construction of the 'Indore Ujjain Greenfield (Access Control) 4-lane with paved shoulder project' highway with a length of 48.10 kilometers.
This roadway starts at Pitra Parvat and terminates at
Simhastha bypass. The contract is on a Hybrid Annuity Mode (HAM).
The project is expected to be completed in the span of 24 Months from the date of appointment.
Read More: Ceigall India tops FY26 order inflow target, eyes 10–15% revenue growth
While speaking to CNBC-TV18 in a prior interaction, Ramneek Sehgal, Chairman and Managing Director of Ceigall India, said that the infrastructure construction company has surpassed its full-year order inflow guidance for fiscal year 2025–26 (FY26).
Ceigall's total order book currently stands at ₹14,237 crore. The company has already seen order inflows worth ₹5,386 crore so far this financial year, surpassing its earlier guidance of ₹5,000 crore with three months still left in the financial year.
Shares of Ceigall India had ended 3.2% higher last Friday at ₹259.85. The stock is down 24% so far in 2025, and 29% below its 52-week high of ₹366.
The project, bagged by its wholly-owned subsidiary, Ceigall
Infra Projects Pvt. Ltd., is valued at ₹1,089 crore.
Ceigall India said in its filing that the LoA was received from the Madhya Pradesh Road Development Corporation Ltd., for the construction of the 'Indore Ujjain Greenfield (Access Control) 4-lane with paved shoulder project' highway with a length of 48.10 kilometers.
This roadway starts at Pitra Parvat and terminates at
Simhastha bypass. The contract is on a Hybrid Annuity Mode (HAM).
The project is expected to be completed in the span of 24 Months from the date of appointment.
Read More: Ceigall India tops FY26 order inflow target, eyes 10–15% revenue growth
While speaking to CNBC-TV18 in a prior interaction, Ramneek Sehgal, Chairman and Managing Director of Ceigall India, said that the infrastructure construction company has surpassed its full-year order inflow guidance for fiscal year 2025–26 (FY26).
Ceigall's total order book currently stands at ₹14,237 crore. The company has already seen order inflows worth ₹5,386 crore so far this financial year, surpassing its earlier guidance of ₹5,000 crore with three months still left in the financial year.
Shares of Ceigall India had ended 3.2% higher last Friday at ₹259.85. The stock is down 24% so far in 2025, and 29% below its 52-week high of ₹366.
