Ceigall India Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Small Cap

Ceigall Infra Projects, a wholly owned subsidiary of Ceigall India, has emerged as the L1 bidder in the financial bid from Madhya Pradesh Road Development Corporation for ?Construction of Indore Ujjain Green field (Access Control) 4 lane with paved shoulder project highway (length 48.10 Km.) Starting from Km. 0.000 near Pitra Parvat and terminating at Km. 48.100 (Simhastha bypass km 2.600) on Hybrid Annuity Mode (HAM). The bid project cost is Rs 1089 crore.

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The scope of work includes construction of Indore-Ujjain greenfield (access control) four-lane highway with paved shoulder over a 48.10 km stretch, starting from Km. 0.000 near Pitra Parvat to Km. 48.100 (Simhastha bypass km 2.600) under the Hybrid Annuity Mode (HAM).

The said contract is valued at Rs 1,089 crore and is expected to be completed within 24 months from the date of appointment.

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.

On a consolidated basis, net profit of Ceigall India declined 13.86% to Rs 57.99 crore while net sales rose 4.45% to Rs 806.57 crore in Q2 September 2025 over Q2 September 2024.

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Ceigall India has received Letter of Acceptance from Office of Executive Engineer Drainage Cum Mining and Geology Ropar Division WRD Punjab for Desilting of Siswan Nadi to save the abadies and c/land of Village Dulchi Majra to Khizarpur of Tehsil Shri Chamkaur Sahib, District Ropar. The value of the project is Rs 12.185 crore.

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Ceigall India has received a Letter of Intent (LOI) from REC Power Development and Consultancy (RECPDCL) for the establishment of a 400/220 kV Gas Insulated Substation (GIS) in Velgaon, Maharashtra, under the Tariff Based Competitive Bidding (TBCB) mechanism. The LOI marks a major milestone in strengthening the company's footprint in the high-voltage power transmission sector.

The Velgaon GIS project will be completed over a two-year period, followed by a 35-year operation and maintenance term. The company informed that Rs 58.5 crore is the annuity per year for 35 years, against EPC cost of approx. Rs 450 crore.

This means long-term recurring cash flows (via PPA) and a stable asset base, which complements more transactional EPC business. By stepping into power transmission and distribution, Ceigall is positioning itself as not just a builder, but as a sustainable infrastructure company.

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