Ceigall India bags Rs 704.70 Cr road construction order from MoRTH

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

-3.1%Reaction day

₹380.00

prior close

₹373.25

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.0%-1.1% vs market

Civil Construction peers, median of 99sector-1.9%-1.2% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 1.2 pts less 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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15m

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

-2.8-0.1-2.6-0.7-2.1

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15d

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-1.6+6.0-7.6-7.8+6.2

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 99Pending

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

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.