Ceigall India gets Rs 704.70 Cr LOA for Arunachal road project

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CEIGALL · price

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

+2.3%Reaction day

₹315.00

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+2.1% vs market

Civil Construction peers, median of 101sector-0.1%+2.5% vs sector

On the reaction day the stock moved 2.1 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

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 101Pending

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AI summary

Ceigall India (74%) with Sushee Infra and Mining (26%) has received a Letter of Acceptance from the Ministry of Road Transport and Highways for an EPC road project in Arunachal Pradesh. The work covers construction of the Lada-Sarli section of NH-913 Frontier Highway from km 85.60 to km 168.00. Contract value is Rs 704.70 Crore excluding GST, with 48 months construction period plus 5 years maintenance.

Likely market impact

Large new government order strengthens order book and revenue visibility over 4 plus 5 year execution period. Positive for the company.