Ceigall India Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Small Cap

The company's wholly owned subsidiary, Ceigall Infra Projects, has received a Letter of Award from the National Highways Authority of India for a highway project in Bihar.

The project involves four-laning of the Sahebganj-Areraj-Bettiah section of NH-139W in Bihar, with a total length of 78.942 km. The stretch comprises Section 1 from Sahebganj to Areraj covering 38.362 km and Section 2 from Areraj to Bettiah covering 40.580 km.

The bid project cost is approximately Rs 2,160 crore, and the project will be executed under the Hybrid Annuity Mode (HAM). The construction period is 730 days, followed by a 15-year operation and maintenance period.

The company said the corridor is expected to improve regional connectivity in Bihar and support economic activity in the region.

Ceigall India is an infrastructure engineering, procurement, and construction (EPC) company engaged in the development of highways, expressways, bridges, flyovers, railway overbridges, tunnels, and runways. The company executes projects under EPC as well as Hybrid Annuity Model (HAM) formats and has a strong track record of timely execution across multiple states in India.

On a consolidated basis, net profit of Ceigall India rose 1.24% to Rs 74.11 crore while net sales rose 19.34% to Rs 991.14 crore in Q3 December 2025 over Q3 December 2024.

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Ceigall Infra Projects, a wholly owned subsidiary of Ceigall India has received a Letter of Award (LOA) dated 11 February 2026 from the National Highways Authority of India (NHAI) for the construction of a four lane highway project in the state of Bihar under the Hybrid Annuity Mode (HAM).

The project involves the construction of four-laning of the Sahebganj-Areraj-Bettiah section of NH 139W, with a total length of 78.942 km, comprising Section 1: Sahebganj to Areraj (38.362 km) and Section 2: Areraj to Bettiah (40.580 km). The project has been awarded to Ceigall Infra Projects, a wholly owned subsidiary of Ceigall India.

The bid project cost is approximately Rs 2,160 crore, and the project will be executed under the Hybrid Annuity Model. The construction period is 730 days, followed by a 15-year operation and maintenance (O&M) period.

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The project, awarded on a tariff-based competitive bidding mechanism, comprises a 220 MW solar power project integrated with a battery energy storage system (BESS). The tariff quoted for the project is ₹2.70 per kWh, with an approximate project value of Rs 1,700 crore.

The construction period for the project is 24 months, followed by an operational period of 25 years.

The Morena Solar Park is a key renewable energy initiative in Madhya Pradesh and is designed to enhance grid stability through integrated storage solutions. The addition of BESS alongside solar generation will enable efficient peak power management and improved dispatch reliability.

The company stated that this order would further strengthens its growing order book and mark a strategic expansion into large-scale renewable energy infrastructure.

Ramneek Sehgal, Chairman & Managing Director, Ceigall India Limited, said: We are pleased to secure the 220 MW Solar and BESS project at Morena Solar Park from Rewa Ultra Mega Solar Limited.

This project strengthens our presence in the clean energy segment, and we are committed to executing it efficiently while supporting India?s energy transition and decarbonisation objectives.

Ceigall India has also announced its earnings for the quarter ended on 31 December 2025.

The company has reported 1.2% rise in consolidated net profit to Rs 74.11 crore on a 19.3% increase in net revenue to Rs 991.14 crore in Q3 FY26 as compared with Q3 FY25.

While EBITDA improved by 12.7% to Rs 139.1 crore, EBITDA margin declined by 90 basis points YoY to 14.0% in Q3 FY26.

Profit before tax in Q3 FY26 stood at Rs 97.05 crore, up by 2.7% from Rs 94.53 crore recorded in Q3 FY25.

Ceigall India is an infrastructure engineering, procurement, and construction (EPC) company undertaking specialized structural works such as elevated roads, flyovers, bridges, railway overbridges, tunnels, highways, expressways, and runways. The principal business operations are broadly divided into EPC projects and hybrid annuity model (HAM) projects.

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Ceigall India has received a Letter of Award (LOA) dated 09 February 2026 from Rewa Ultra Mega Solar (RUMSL) for the development of Unit 1 (220 MW) at Morena Solar Park, Madhya Pradesh.

The project, awarded on a tariff-based competitive bidding mechanism, comprises a 220 MW Solar Power Project integrated with a Battery Energy Storage System (BESS). The tariff quoted for the project is Rs 2.70 per kWh, with an approximate project value of Rs 1,700 crore (including GST). The construction period for the project is 24 months, followed by an operational period of 25 years.

The project is expected to contribute significantly to Madhya Pradesh's renewable energy capacity and support India's broader clean energy transition goals. The Morena Solar Park is a key renewable energy initiative in the state and is designed to enhance grid stability through integrated storage solutions. The addition of BESS alongside solar generation will enable efficient peak power management and improved dispatch reliability.

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