Infra stock jumps 8% after securing solar and BESS project worth ₹1,700 Cr

Synopsis: An infrastructure and construction stock surged by 8 percent as the company announced it has bagged a Rs 1700 solar and BESS project in Madhya Pradesh. The company’s stock in context has surged by 30 percent in the last 2 months.

A small cap company that  specialized in the construction of structural projects such as elevated roads, flyovers, bridges saw its stock surge soon after  the company announced that it has secured  a Rs 1,700 crore solar and BESS project in Madhya Pradesh. 

With a market cap of Rs 5,221 Cr, Ceigall India Ltd saw its stock hit an intraday high of Rs 308 which is more than 8 percent higher than the previous close of Rs 284. The stock has given a return of more than 30 percent in the last 2 months.

News

Ceigall India Limited secured a Rs 1,700 crore solar and BESS project in Madhya Pradesh after receiving a Letter of Award from Rewa Ultra Mega Solar Limited. The 220 MW Morena Solar Park project was won through tariff-based bidding at Rs 2.70 per kWh, strengthening Ceigall’s renewable energy presence.

The integrated solar and battery energy storage project will be executed over 24 months, followed by 25 years of operations. It will enhance grid stability, enable peak power management, and support India’s clean energy transition. The order expands Ceigall India’s order book and marks strategic entry into large-scale renewable infrastructure.

Order Book

As of Q3FY26, the company’s order book stands at Rs 13,268 Crore, where it has 28 ongoing projects. The current order book has grown by 23 percent from FY25’s number. The same order book had recorded a 19 percent CAGR from FY22 to FY25.

The current order book is dominated by Roads, Highways & Flyovers segment  which forms the largest share at 64 percent , followed by Renewable Energy at 24 percent and Industrial Infrastructure accounts at 5 percent. Other segments such as Railways / Metros,  Transmission & Distribution Tunnels, Airport Runways, and Bus Terminals contribute to the rest 7 percent.

While breaking the order book into pes of projects the company has taken up tells that HAM projects dominate with 51 percent, followed by EPC projects which account for 21 percent, while Tariff Based projects contribute about 27 percent of the order book, Additionally, DFBOT or Design Build Finance Operate projects account for a small portion of 1 percent in the order book.

Looking at the geographical breakdown, Madhya Pradesh leads with about 22 percent, followed by Jharkhand at 19 percent, Uttar Pradesh at 17 percent, and Punjab at 15 percent, while the rest of the orders have come from states including Maharashtra, Bihar, Haryana, J&K and Himachal Pradesh.

Financials

Ceigall India Ltd is an infrastructure engineering and construction company incorporated in 2002 and headquartered in Ludhiana, Punjab. It focuses on EPC and HAM road projects, including highways, bridges and expressways, with a strong execution track record across multiple Indian states.

In the latest quarter the company saw a YoY revenue growth of 19 percent, going from Rs 831 Cr in Q3FY25 to Rs 991 Cr in Q3FY26, while the QoQ went up by 23 percent from Rs 807 Cr in Q2FY26. The YoY Net Profits grew by more than 1 percent, going from Rs 71 Cr in Q3FY25 to Rs 72 Cr in Q3FY26, while the QoQ growth stood at 28 percent from Rs 56 Cr in Q2FY26.

The company has a 3 year sales CAGR of 45 percent, while the TTM is at 8 percent. The company’s 3 year profit CAGR is at 32 percent, while the TTM number is at a negative 21 percent. The company also has a ROCE of 19 percent and a ROE of 21 percent.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Infra stock jumps 8% after securing solar and BESS project worth ₹1,700 Cr appeared first on Trade Brains.