Ceigall arm L1 bidder for NHAI road project worth Rs 2,160 crore

Govt Defence OrderBusiness Updates View source PDF Explain this filing

CEIGALL · price

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Price reactionminutes from the announcement price · days from the prior close

+3.6%Reaction day

₹270.70

prior close

₹278.00

announcement price

After-mkt

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.6%+2.0% vs market

Civil Construction peers, median of 98sector+1.0%+2.5% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 2.5 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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Sessions after the filingfrom the prior close

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Reaction day

+3.6+1.6+2.0+1.0+2.5

Next day

+1.6-0.6+2.2-0.9+2.5

+2.0-0.5+2.5-0.2+2.2

+0.2+1.5-1.3+1.0-0.7

+1.3+1.1+0.1+0.2+1.1

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15d

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-2.1-8.0+5.9-15.0+12.9

+20.4+10.9+9.5+2.5+17.9

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 98Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ceigall India said its wholly owned subsidiary Ceigall Infra Projects emerged as the L1 bidder for an NHAI tender. The project involves 4-laning of a 78.942 km stretch of NH 139W from Sahebganj to Bettiah in Bihar under Hybrid Annuity Mode. Bid cost is Rs 2,160 crore, with a 730 day construction period plus 15 years of operations and maintenance.

Likely market impact

Positive. L1 status for a large NHAI road project strengthens the order book and adds to the revenue pipeline for the company.