Ceigall India Limited has informed the Exchange about Receipt of Completion Certificate for PWD Project

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CEIGALL · price

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

+0.7%Reaction day

₹247.70

prior close

₹251.90

announcement price

After-mkt

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.3%+1.0% vs market

Civil Construction peers, median of 83sector-0.7%+1.4% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 1.4 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.

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 83Pending

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AI summary

Ceigall India has received the Completion Certificate for its Punjab PWD project from the Office of the Executive Engineer, National Highway Division. The project involved rehabilitation and upgradation to two lanes with paved shoulders from Makhu to Arifke (24.6 km), including construction of two Railway Over Bridges, executed on EPC mode. The bid project cost was ₹1,272.60 million (about ₹127 crore), awarded on 31 March 2018, and the project has been declared fit for entry into operation with effect from 30 June 2024. The certificate was formally issued on 2 June 2025, suggesting final closure and likely release of pending payments/bills for this older project.

Likely market impact

This is positive housekeeping news — it officially closes out a long-pending project, which could help Ceigall recognize final revenue, receive retention money release, and remove any pending liabilities tied to the project. For shareholders, it signals project execution closure rather than new business, so the direct stock price impact is likely limited.