Ceigall India inches up on receiving LoA from NHAI
Ceigall India is currently trading at Rs 244.00, up by 0.50 points or 0.21% from its previous closing of Rs. 243.50 on the BSE.
The scrip opened at Rs. 239.95 and has touched a high and low of Rs. 248.40 and Rs. 239.95 respectively. So far 894 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. 239.95 on 17-Mar-2025.
Last one week high and low of the scrip stood at Rs. 269.85 and Rs. 239.95 respectively. The current market cap of the company is Rs. 4241.89 crore.
The promoters holding in the company stood at 82.06%, while Institutions and Non-Institutions held 9.25% and 8.70% respectively.
Ceigall India has received Letter of Award (LoA) from National Highways Authority of India (NHAI) for Development of 6-lane Greenfield Southern Ludhiana Bypass from Intersection with NH44 near Village Rajgarh to the Intersection with Delhi Katra Expressway (NE 5) near Village Ballowal, km 00+000 to Km 25+240 as part of Ludhiana-Ajmer Economic Corridor on Hybrid Annuity Mode under NH (O) in the state of Punjab. The project is to be completed within 24 months with an estimated project cost of Rs 864.97 crore.
Earlier, the same project was awarded to the company by NHAI vide LOA dated June 2, 2022 with Bid Project Cost of Rs 702 crore and was subsequently amicably revoked on account of non-availability of construction site.
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.
