Announced Wed, 8 Jul · 13:05 IST
Ceigall India wins Rs 704.70 Cr road project in Arunachal Pradesh
CEIGALL · price
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Price reaction · full curve 14 horizons · vs prior close
-2.8%1-day move
₹380.00
prior close
₹368.20
base price
In-mkt
timing
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AI summary
Ceigall India (74%) jointly with Sushee Infra and Mining (26%) emerged as L1 bidder for a Ministry of Road Transport and Highways project. Work covers construction of km 85.60 to 168.00 of the Lada-Sarli section of NH-913 Frontier Highway in Arunachal Pradesh on EPC mode. Awarded cost is Rs 704.70 Crore excluding GST. Timeline is 48 months construction plus 5 years maintenance. CIL share is about Rs 521.68 Crore.
Likely market impact
Boosts order book and revenue visibility; government-backed highway order strengthens medium-term execution pipeline.