Ceigall India shares surged as much as 6.5% to ₹345.35 on Wednesday, August 26, following the announcement of a major inter-state transmission project award. According to Business Standard, the company emerged as the lowest bidder (L-1) for a transmission project from REC Power Development and Consultancy (RECPDCL), with annual transmission charges of ₹608.67 crore for a 35-year operational period. The project involves setting up a common transmission system for evacuation of power from Lakadia Phase-II (7.5 GW), Jam Khambhaliya Phase-II (5.5 GW) and Jamnagar Phase-I (1 GW), including a 765/400 kV air-insulated substation and around 300 km of transmission lines across Gujarat and Maharashtra. The execution period is set at 36 months with the operational period spanning 35 years from scheduled commissioning.
Ceigall India shares gained 5% to ₹338 following the announcement of a significant infrastructure contract award. According to latest exchange filings, the company, jointly with Sushee Infra & Mining (SIML), received a letter of acceptance (LoA) from the Ministry of Road Transport & Highways (MoRTH) for a road construction project. The contract involves construction of an 82.4-km road on the Lada-Sarli section of NH-913 (Frontier Highway) in Arunachal Pradesh, under the EPC mode. The project entails construction of road from km 85.60 to km 168.00 of Lada-Sarli section of NH-913 (Frontier Highway) to Intermediate Lane on EPC mode in the State of Arunachal Pradesh. The project carries an aggregate bid cost of ₹704.70 crore with a construction period of 48 months and a post-construction maintenance period of five years.
The stock demonstrated strong intraday performance with shares hitting an intraday high of ₹345.35, representing a 6.5% gain from the previous close. As of 2:14 PM, the company's share price was trading 5% higher at ₹340.75, while the Nifty 50 was trading 0.30% lower at 24,145.85. According to CNBC TV18, shares of Ceigall India have been on a four-day gaining streak, advancing about 9% during the period. The stock has gained 0.74% over the past month and is up around 25% so far this year. As of August 25, 2026, Ceigall India has a total market capitalisation of ₹5,684.30 crore according to NSE data, with the stock having advanced more than 5% in the past week but lost 3% on a year-to-date basis.
Ramneek Sehgal, Managing Director of Ceigall India, expressed satisfaction with both contract awards, stating that "We are pleased to receive this Letter of Acceptance from the Ministry of Road Transport & Highways for this important section of the Frontier Highway in Arunachal Pradesh. This project further strengthens our presence in the region and reflects our continued focus on expanding our portfolio of strategically important road infrastructure projects." As reported by The Economic Times, Sehgal emphasized that the partnership with Sushee Infra & Mining Limited brings complementary capabilities and the company remains committed to delivering the project with strong focus on execution excellence, quality and timely completion. The project reinforces Ceigall's capabilities in executing large-scale highway projects across challenging geographies and supports the expansion of critical road connectivity in the region.
Recent regulatory filings show Ceigall has secured multiple significant orders across different infrastructure sectors. In a separate filing dated August 18, the company's joint venture with Rajinder Infrastructure Private Ltd secured an order worth ₹274.08 crore in Arunachal Pradesh for the construction of the 17.81 km to 55.38 km of the Bile-Migging section of NH-913. The company has also received four letters of award (LOAs) from its joint venture with Sushee Infra Mining Limited, where Ceigall holds a 74% stake, for the construction of intermediate lane roads across the Huri-Taliha and Sarli-Huri sections of NH-913, with an aggregate bid cost of ₹2,149.62 crore. As of August 25, 2026, Ceigall India has a total market capitalisation of ₹5,684.30 crore according to NSE data, with the stock having advanced more than 5% in the past week but lost 3% on a year-to-date basis.
According to latest financial reports, Ceigall India demonstrated strong financial performance in Q1 FY27, with consolidated net profit jumping 35% year-on-year to ₹75 crore in the June quarter, up from ₹56 crore in the corresponding period of the preceding fiscal year. Revenue from operations also rose 10.2% YoY to ₹901.5 crore during the quarter, compared to ₹818.3 crore in Q1 FY26. The company has raised its revenue growth guidance to 15% and targets securing ₹6,000 crore in new orders this year. The company executes projects under both EPC and Hybrid Annuity Model (HAM) formats, maintaining a strong track record of timely execution across multiple Indian states.
