Announced Wed, 8 Jul · 13:12 IST
Ceigall India bags Rs 704.70 Cr road construction order from MoRTH
CEIGALL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.8%1-day move
₹380.00
prior close
₹373.25
base price
In-mkt
timing
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+0.9-0.1-0.4-0.7-2.8-3.9-3.9-5.5-4.4-10.1————
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AI summary
Ceigall India, in a JV with Sushee Infra and Mining (74:26), emerged as L1 bidder for a Rs 704.70 Crore (excluding GST) EPC contract from the Ministry of Road Transport and Highways. Project covers construction of 82.4 km road on the Lada-Sarli section of NH-913 Frontier Highway in Arunachal Pradesh. Timeline is 48 months construction plus 5 years maintenance.
Likely market impact
Major domestic government order strengthens order book and gives multi-year revenue visibility; positive for execution pipeline.