Ceigall JV declared L1 bidder for Jaipur Metro Phase II project worth Rs 918 Cr

Govt Defence OrderBusiness Updates View source PDF Explain this filing

CEIGALL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+0.7%Reaction day

₹278.00

prior close

₹277.85

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.4%+1.1% vs market

Civil Construction peers, median of 94sector-0.4%+1.1% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 1.1 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

Stock

+1.1

10m

+0.6

15m

+0.1

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.7-0.4+1.1-0.4+1.1

Next day

+0.7-1.7+2.4-1.5+2.2

-0.4-4.3+4.0-4.9+4.5

-2.6-5.1+2.5-6.0+3.4

+0.9-3.6+4.5-4.4+5.2

-1.1-5.7+4.6-6.3+5.2

-2.4-3.7+1.2-4.9+2.5

15d

+4.3+2.1+2.2-1.9+6.3

+4.4-0.1+4.6-3.4+7.9

-1.4-10.0+8.5-17.4+16.0

+8.0+2.2+5.8-4.9+12.9

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 94Pending

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

AI summary

Ceigall India, in a 74:26 joint venture with SAM India Builtwell, has been declared L1 bidder by Jaipur Metro Rail Corporation for design and construction of a 10.8 km elevated viaduct with ten stations for Jaipur Metro Phase-II. Mode is EPC and item rate. Total bid value is Rs 918.04 crore, so Ceigall's share works out to roughly Rs 679 crore. Execution timeline is 34 months. It is a domestic government order, not related party, and no promoter interest exists in the awarding entity.

Likely market impact

Large government order strengthens order book and multi-year revenue visibility. Low counterparty risk. Seen as a positive trigger for the stock.