Infra stock jumps after receiving order worth ₹923 Cr from NHAIInfra stock jumps after receiving order worth ₹923 Cr from NHAI

Introduction:

Leading Infra company has secured a ₹923 crore project from NHAI for developing a 6-lane Greenfield Southern Ludhiana Bypass. The project, under the Hybrid Annuity Mode, aims to enhance connectivity along the Ludhiana-Ajmer Economic Corridor in Punjab within 24 months.

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Share price movement of Ceigall India:

On March 17, 2025, Ceigall India Ltd opened at ₹239.95, down 1.39% from its previous close of ₹243.50. The stock reached a high of ₹248.40 (3.54%) and a low of ₹239.95. By 12:28 PM, it traded at ₹244.45 with a market cap of ₹4,258.44 crore.

Ceigall India Secures ₹923 Cr NHAI Project:

Ceigall India Ltd. has secured a significant ₹923 crore contract from the National Highways Authority of India (NHAI). The project involves developing a six-lane Greenfield Southern Ludhiana Bypass as part of the Ludhiana-Ajmer Economic Corridor in Punjab.

The project, awarded under the Hybrid Annuity Mode (HAM), spans 25.24 km from NH44 near Rajgarh to the Delhi-Katra Expressway near Ballowal. Ceigall India Ltd. emerged as the lowest bidder, surpassing the authority’s estimated cost of ₹864.97 crore. The project is expected to be completed within 24 months.

Notably, this project was previously awarded to the company in June 2022 at ₹702 crore but was amicably revoked due to site unavailability. With the new contract, Ceigall India Ltd. reinforces its presence in India’s infrastructure sector, contributing to enhanced highway connectivity.

Recent news on Ceigall India:

As of February 05, 2025, Ceigall India Ltd reported an 8.76% rise in net sales to ₹810.24 crore for December 2024. However, net profit declined 8.83% to ₹68.20 crore, while EBITDA fell 8.97% to ₹114.73 crore year-on-year.

Stock performance of Ceigall India for Period of 1 week, 1 month, and 6 months:

Ceigall India Ltd. has faced a challenging period, with its stock declining 4.29% in a week, 10.2% over a month, and 37.8% in six months, reflecting market pressures and investor concerns over recent financial performance.

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Shareholding pattern of Ceigall India:

Particulars	Dec 2024	Sep 2024
Promoter	82.10%	82.10%
FII	1.60%	3.00%
DII	7.70%	6.90%
Public	9%	8%

About Ceigall India:

Ceigall India Ltd (NSE: CEIGALL), founded in 2002, specializes in infrastructure construction, executing projects like elevated roads, flyovers, bridges, tunnels, highways, expressways, and runways, contributing significantly to India’s transportation and structural development.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.