Ceigall India Limited has informed the Exchange about Bagging/Receiving of orders/contracts
CEIGALL · price
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On the reaction day the stock moved 3.4 pts more than Nifty Microcap 250 and 4.7 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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Ceigall India Limited's wholly owned subsidiary, Ceigall Infra Projects Private Limited (CIPPL), has received a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for a 6-lane access-controlled spur road project in Punjab. The project covers a 10.300 km stretch connecting the Ambala–Chandigarh section of NH-205A to the Zirakpur Bypass, to be executed on a Hybrid Annuity Mode (HAM). The contract is valued at Rs 603 crore (bid cost), with an 18-month construction period followed by a 15-year operation and maintenance period. The order is domestic with no related party interest involved.
This is a significant new order win for Ceigall India, strengthening its highway infrastructure order book. HAM projects provide a mix of construction revenue and long-term annuity income, which should support revenue visibility and earnings over the next 15+ years. Positive for the stock as it reinforces the company's execution track record with NHAI.