Introduction:
Infra company has signed a concession agreement with the National Highways Authority of India for a ₹981 crore project to develop a 6-lane access-controlled highway in Punjab under Bharatmala Pariyojna Phase-I, ensuring enhanced connectivity and growth.
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Share price movement of Ceigall India:
On December 26, 2024, Ceigall India Limited opened at ₹362.70, up 5.29% from its previous close of ₹344.50. The stock reached a high of ₹365.80 (6.19%) and a low of ₹355.00. By 9:54 AM, it traded at ₹357.60, a 3.80% increase, with a market cap of ₹6,229.57 crore.
Ceigall signs ₹981 crore agreement:
Ceigall Ludhiana Bathinda Greenfield Highway Private Limited, a subsidiary of Ceigall India Limited, has entered into a concession agreement with the National Highways Authority of India (NHAI) for a significant infrastructure project under Bharatmala Pariyojna Phase-I.
The project involves the development of a 6-lane access-controlled highway from Tallewal to Ballowal in Punjab, spanning 45.243 km. The project, part of the Ludhiana-Ajmer Economic Corridor, is valued at ₹981 crore and will follow a Hybrid Annuity Mode.
The completion period for the project is 24 months, ensuring rapid infrastructure development. Ceigall India expressed confidence in delivering a state-of-the-art highway to boost connectivity and economic growth in the region. This agreement marks a key milestone for the company.
Recent news on Ceigall India:
As of December 06, 2024, Ceigall India shares rose 4% after securing a ₹54.21 crore arbitration award. The tribunal directed GMADA to pay, along with 12% interest, for a service road construction dispute under Arbitration Act, 1996.
Stock performance of Ceigall India for Period of 1 week and 1 month:
Ceigall India Limited showed a mixed performance, with a 4.58% gain over the past month, reflecting positive momentum, but faced a 4.30% decline over the last week, indicating short-term market volatility.
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Shareholding pattern of Ceigall India:
| All values in % | Sep 2024 | Aug 2024 |
| Promoter | 82.10% | 82.10% |
| FII | 3.00% | 3.80% |
| DII | 6.90% | 5.10% |
| Public | 8.10% | 9.00% |
About Ceigall India:
Ceigall India Ltd. (NSE: CEIGALL), established in 2002, is a leading infrastructure construction firm specializing in EPC and HAM projects across 10 states. It undertakes elevated roads, highways, flyovers, bridges, tunnels, and runways with extensive expertise.
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.
