Infra stock jumps 3% after bagging ₹2,160 Cr highway project from NHAI

SYNOPSIS: Ceigall India Limited said its arm emerged as the L1 bidder for a Rs. 2,160-crore NHAI HAM project to four-lane a 78.9-km Bihar highway, including 730-day construction and 15-year O&M.

During Thursday’s trading session, shares of one of the fastest-growing engineering, procurement and construction (EPC) companies surged over  3 percent on BSE, after securing an order worth nearly Rs. 2,160 crores from the National Highways Authority of India (NHAI).

At 10:27 a.m., shares of Ceigall India Limited were trading in the green at Rs. 272 on BSE, up by around 1 percent, compared to its previous closing price of Rs. 269.75, with a market cap of Rs. 4,738.4 crores. The stock has delivered negative returns of over 15 percent in one year, but has gained by around 10 percent in the last one month.

What’s the News:

As per its latest exchange disclosure, the wholly-owned subsidiary of Ceigall India Limited, Ceigall Infra Projects Private Limited, has emerged as the L1 bidder from the National Highways Authority of India (NHAI). The project is to be completed within 730 Days construction period, along with the 15 year O&M period.

The project, valued at Rs. 2,160 crores, is for the construction of 4-laning of Sahebganj Areraj Bettiah of NH 139W with a total length of 78.942 km in Bihar on Hybrid Annuity Mode (HAM) comprising (i) Section 1 Sahebganj to Areraj (38.362 km) and (ii) Section 2 Areraj to Bettiah (40.58 km).

Financials & More:

Ceigall India reported a marginal growth in revenue from operations, experiencing a year-on-year increase of over 4 percent, from Rs. 772 crores in Q2 FY25 to Rs. 807 crores in Q2 FY26. In contrast, its net profit decreased during the same period from Rs. 66 crores to Rs. 56 crores, representing a decline of nearly 15 percent YoY.

As of September 2025, the company’s order book of Rs. 12,598 crores is dominated by roads/highways, which account for 64.3 percent of the total. This is followed by Renewable Energy (21.8 percent), Industrial Infrastructure (4.9 percent), metro/railways (3.5 percent), T&D (3 percent), tunnels (1.3 percent), and bus terminals (1.1 percent).

Ceigall India Limited is a construction company engaged in the business of providing Engineering, Procurement and Construction (EPC) services, with a focus on roads & highways, including expressways, elevated roads and tunnels.

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