Ceigall India Shares Jump 2.70% on Rs 274 Cr Arunachal Road Project
By Business Desk
Ceigall India’s stock surged 2.70% after its joint venture secured a Rs 274 crore EPC road project in Arunachal Pradesh from the Ministry of Road Transport & Highways.
Ceigall India shares surged by up to 2.70% on Wednesday, hitting an intraday high of Rs 317 per share. This market movement followed the announcement that the company’s joint venture secured a significant road construction project valued at Rs 274 crore.
The Letter of Acceptance (LoA) for this project was issued by the Ministry of Road Transport & Highways via email on August 18, 2026. At 10:26 am, Ceigall India shares were trading 1.57% higher at Rs 313.50, contrasting with the BSE Sensex’s 0.38% decline to 76,940 levels.
Project Scope and Partnership
- Project Mode: Engineering, Procurement and Construction (EPC)
- Location: Bile-Migging section of NH913 (km 17.812 to km 55.377, Package-2) in Arunachal Pradesh.
- Ceigall India Stake: 70% in the joint venture.
- Partner: Rajinder Infrastructure Private Limited (RIPL) holds the remaining 30%.
The project timeline specifies completion within 48 months from the award date. This will be followed by an additional five-year maintenance period, ensuring long-term engagement.
Market Context
This new order expands Ceigall India’s existing road construction portfolio. It also underscores the company’s robust market performance, even amid a broader market downturn.