Infrastructure company Ceigall India Ltd announced on Tuesday (March 24) that it has secured two engineering, procurement, and construction (EPC) work orders from Purvah Green Power Private Limited, totalling approximately ₹298 crore for projects in Andhra Pradesh. According to reports from CNBC TV18, both orders are to be executed over a 10-month construction period and were awarded by a domestic entity with no interest from promoters, promoter group, or related companies. These contracts mark a significant milestone for Ceigall India, reinforcing its presence in the renewable energy sector and its commitment to contributing to India's green energy initiatives.
The first work order valued at ₹119.96 crore (inclusive of GST) covers supply, transportation, and erection, including civil work on a turnkey basis for a 220 kV transmission line, along with Right of Way and statutory approvals. The second work order worth ₹177.93 crore (inclusive of GST) pertains to construction works for the balance of plant for a 300.3 MW hybrid wind power project in Ralla, Andhra Pradesh. This includes 91 wind turbine generators, foundations, access roads, pathways, and testing of WTG foundations, as reported by CNBC TV18. The project will feature comprehensive construction, completion, and testing of wind turbine generator foundations, access roads, and pathways.
Last week, Ceigall India announced that its wholly-owned subsidiary, Ceigall Infra Projects Pvt Ltd (CIPPL), emerged as the lowest (L1) bidder for a National Highways Authority of India (NHAI) project worth ₹603 crore. According to CNBC TV18, the project involves the construction of a six-lane access-controlled spur connectivity from the Ambala–Chandigarh section of NH-205A to the Zirakpur Bypass in Punjab, spanning a total length of 10.3 km. The contract will be executed under the hybrid annuity mode (HAM) with an 18-month construction timeline and a 15-year operation and maintenance period.
Shares of Ceigall India Ltd ended at ₹265.00, up by ₹1.60, or 0.61%, on the BSE following the announcement. As reported by CNBC TV18, the company stated that the project win is expected to strengthen Ceigall India's order book and further bolster its presence in the road infrastructure segment. According to Moneycontrol, the stock is currently trading 14.04% below its 52-week high and 18.83% above its 52-week low, with the company's market capitalisation standing at ₹4,616.43 crore.
