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09-08-2024 03:18 PM | Source: Accord Fintech
Ceigall India climbs on bagging orders worth Rs 1,042 crore

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Ceigall India is currently trading at Rs. 395.05, up by 9.00 points or 2.33% from its previous closing of Rs. 386.05 on the BSE.

The scrip opened at Rs. 398.95 and has touched a high and low of Rs. 399.75 and Rs. 389.20 respectively. So far 108414 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 425.00 on 08-Aug-2024 and a 52 week low of Rs. 380.10 on 08-Aug-2024.

Last one week high and low of the scrip stood at Rs. 425.00 and Rs. 380.10 respectively. The current market cap of the company is Rs. 6891.54 crore.

Ceigall India has secured orders for development of Kanpur Central Bus Terminal and Bhuvaneshwar Metro Project-Phase I aggregating to Rs 1,042 crore. Out of which, the company has been awarded the prestigious contract for the Bhuvaneshwar Metro Project ‘Part Design and Construction of Elevated Viaduct and Six Elevated Stations (excluding Architectural finishing) from Chainage 15017.00m to 25987.78m and including ramp for Depot entry of Bhubaneswar Metro Phase-1 MRTS. BBC-05’ valued at Rs 899 crore. The project is estimated to be completed in 3 years and will enhance urban mobility, reduced traffic congestion, and improved air quality.

Another order is for ‘Development of Kanpur Central Bus Terminal’ project from Uttar Pradesh State Road Transport (Building Division) valued at Rs 143 crore. The Kanpur Central Bus Terminal project represents a pivotal investment in the city's transportation network. The project is estimated to be completed in 2 years and will enhance public transportation infrastructure, economic growth, and urban revitalization.

Ceigall India is an infrastructure construction company with experience in undertaking specialized structural works such as elevated roads, flyovers, bridges, Railway over bridges (ROB), tunnels, highways, expressways and runways.