Ceigall India Share Price Rise 3% As Subsidiary Emerges L1 Bidder for ₹1,089 Crore Highway Project

New Delhi, November 28, 2025: Ceigall India Ltd’s stock experienced significant growth on Friday following Ceigall Infra Projects (a fully owned subsidiary of Ceigall India Ltd) being declared the L1 bidder for the major highway construction project in Madhya Pradesh. The stock increased by 3.16% and closed at ₹243.10 on 28 November 2025, reflecting increased demand from investors related to new projects being developed in this region.

Market Performance And Trading Activity

The share price of Ceigall India Ltd opened at ₹237.35 and moved steadily to touch an intraday high of ₹248.00. The trading session recorded a total volume of 2.73 lakh shares, demonstrating healthy market participation. The buy quantity of 1,53,776 shares was well above the sell quantity of 73,073 shares, indicating strong investor demand amid anticipation of growth opportunities driven by the new project win. Key market indicators, such as a VWAP of ₹241.22 and a market cap of ₹4,249.73 crore, further signalled a positive trading sentiment.

Subsidiary Declared L1 Bidder For ₹1,089 Crore Project

The key driver behind the stock’s rise was the announcement that Ceigall Infra Projects has been declared the L1 bidder for a major road project awarded by Madhya Pradesh Road Development Corporation Limited. The project involves the construction of a 48.10 km access-controlled four-lane Greenfield highway between Indore and Ujjain. Awarded under Hybrid Annuity Mode, the project is expected to be completed within 24 months of execution from the date of appointment. The bid cost of ₹1,089 crore is a substantial addition to the company’s pipeline projects, which will strengthen its presence in India’s road infrastructure sector.

REF: https://nsearchives.nseindia.com/corporate/ceigall_28112025135551_L1_bidder_28112025.pdf

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