Ceigall India Ltd

Ceigall India has received credit ratings from India Ratings and Research as under: Bank loan facilities (Rs 3,070 crore) - IND AA-; Stable / IND A1+ (affirmed; outlook revised) Commercial paper (Rs 100 crore) - IND A1+ (assigned)

Ceigall India holds a 74% stake in the joint venture, while Sushee Infra & Mining Ltd holds the remaining 26%. The project involves the construction of a road from km 85.60 to km 168.00 of the Lada-Sarli section of NH-913 (Frontier Highway) to an intermediate lane standard in Arunachal Pradesh under the Engineering, Procurement and Construction (EPC) mode. The project has a construction period of 48 months, followed by a five-year maintenance period, the company said in a regulatory filing. Ceigall India said the contract has been awarded by a domestic entity and clarified that neither the promoters, promoter group nor group companies have any interest in the awarding authority. The company also stated that the contract does not qualify as a related-party transaction. Ceigall India is an infrastructure engineering, procurement, and construction (EPC) company engaged in the development of highways, expressways, bridges, flyovers, railway overbridges, tunnels, and runways. The company executes projects under EPC as well as Hybrid Annuity Model (HAM) formats and has a strong track record of timely execution across multiple states in India. The company's consolidated net profit jumped 70.85% to Rs 126.60 crore on a 37.06% increase in revenue from operations to Rs 1386.51 crore in Q4 FY26 over Q4 FY25. The scrip fell 2.30% to Rs 371.80 on the BSE. Powered by Capital Market - Live

Ceigall India jointly with Sushee Infra & Mining (SIML) [CIL - 74% & SIML - 26% share in JV] has emerged as the L1 bidder for tender invited by Ministry of Road Transport and Highway for EPC project entailing construction of road from km 85.60 to km 168.00 of Lada-Sarli section of NH-913 (Frontier Highway) to Intermediate Lane on EPC mode in the State of Arunachal Pradesh. The project is valued at Rs 704.70 crore.

Ceigall India has emerged as L1 bidder for tender floated by Public Works Department, Delhi Government related to strengthening and other works of various roads under South Maintenance Zone, PWD during 2026-27. The estimated tender cost was Rs. 256.46 crore, while the company's L1 bid was Rs. 330.84 crore (including GST), which is approx. 29% above the estimated tender cost.

Ceigall India has marked another significant milestone in its diversification into clean energy infrastructure with the execution of a Power Purchase Agreement (PPA) through its wholly owned subsidiary, Ceigall Morena Solar BESS Park, with Rewa Ultra Mega Solar for a 220 MW Solar and Battery Energy Storage System (BESS) project at Morena Solar Park in Madhya Pradesh. The tariff-based project, valued at approximately Rs 1,700 crore (including GST), combines solar power generation with Battery Energy Storage Systems (BESS), reinforcing India's transition towards a more resilient and sustainable energy ecosystem. The project carries an 18-month construction timeline followed by a 25-year operational period, with a discovered tariff of ₹2.70 per kWh. The project represents another strategic step in Ceigall India's expanding infrastructure portfolio, complementing its strong presence in transportation and civil infrastructure while strengthening its footprint in the country's rapidly growing renewable energy sector.

The project has an approximate value of Rs 1,700 crore. According to the company's exchange filing, the tariff-based project comprises solar power generation and Battery Energy Storage System (BESS) components. The project has a construction period of 18 months and an operational period of 25 years. The company said the PPA has been executed with a domestic entity at a tariff of Rs 2.70 per kWh. It added that neither the promoter nor the promoter group has any interest in the awarding entity, and the agreement is not a related-party transaction. Ceigall India is an infrastructure engineering, procurement, and construction (EPC) company engaged in the development of highways, expressways, bridges, flyovers, railway overbridges, tunnels, and runways. The company executes projects under EPC as well as Hybrid Annuity Model (HAM) formats and has a strong track record of timely execution across multiple states in India. The company's consolidated net profit jumped 70.85% to Rs 126.60 crore on a 37.06% increase in revenue from operations to Rs 1386.51 crore in Q4 FY26 over Q4 FY25.Powered by Capital Market - Live

The board of Ceigall India at its meeting held on 29 June 2026 has approved the appointment of Ayyalusamy Saravanan (DIN: 02592825), currently Chief Executive Officer (CEO), as an Additional Director / Whole-Time Director who shall be designated as Whole-Time Director & CEO of the Company, with effect from 01 July 2026. The board also appointed Dr. Pawan Kumar (DIN: 06863880) as an Additional Director / Whole-Time Director on the Board of the Company, with effect from 01 July 2026. The board accepted the resignation of Dr. Sudhir Rao Hoshing (DIN: 02460530) from the position of Whole-Time Director of the Company, effective from the closure of business hours on 15 July 2026.

Ceigall India announced that Ceigall Ambala Chandigarh Zirakpur, Project Special Purpose Vehicle (SPV) has executed the Concession Agreement with the National Highways Authority of India on 09 June 2026. The Rs 603-crore project entails construction of 6-lane access controlled Spur connectivity starting from Ch. 15+100 of Ambala - Chandigarh section of NH 205A and terminating at Ch. 2+500 of Zirakpur Bypass (Total length 10.300 Km) under NH(0) in the state of Punjab

Under the terms of the agreement, Ceigall India and Ceigall Infra Projects will transfer their shareholding in CMASH to the infrastructure-focused investment fund. The transaction, including cash surplus, is valued at approximately Rs 177 crore, subject to customary adjustments between the parties. CMASH, a step-down subsidiary of Ceigall India, operates a highway asset in Punjab. For the financial year ended March 31, 2026, the company reported a turnover of Rs 82.69 crore, contributing around 2.1% of Ceigall India's consolidated turnover. The project company's net worth stood at Rs 136.11 crore, representing approximately 6.3% of the group's consolidated net worth. The company said that the divestment aligns with its strategy of monetizing operational infrastructure assets and recycling capital to support future growth opportunities across its infrastructure development and construction businesses. Ramneek Sehgal, chairman & managing director, Ceigall India, said, 'This transaction reflects our disciplined approach towards capital allocation and portfolio optimization. As we continue to expand our presence in the infrastructure sector, the monetization of select assets enables us to unlock value and strengthen our financial flexibility for future growth opportunities. We remain focused on delivering high-quality infrastructure projects across the country while creating long-term value for all stakeholders.' Ceigall India is an infrastructure engineering, procurement, and construction (EPC) company engaged in the development of highways, expressways, bridges, flyovers, railway overbridges, tunnels, and runways. The Company executes projects under EPC as well as Hybrid Annuity Model (HAM) formats and has a strong track record of timely execution across multiple states in India. The company's consolidated net profit jumped 70.85% to Rs 126.60 crore on 37.06% increase in revenue from operations to Rs 1386.51 crore in Q4 FY26 over Q4 FY25. The counter shed 0.26% to Rs 358.50 on the BSE.Powered by Capital Market - Live

Ceigall India has entered into a definitive agreement to divest its stake in Ceigall Malout Abohar Sadhuwali Highways (CMASH), a road infrastructure project company in Punjab, to Neo Infra Income Opportunity Fund, managed by Neo Alternative Asset Managers. Under the terms of the agreement, Ceigall India and its wholly owned subsidiary, Ceigall Infra Projects, will transfer their shareholding in CMASH to the infrastructure-focused investment fund. The total consideration for the transaction, including cash surplus, is valued at approximately Rs 177 crore. CMASH is a step-down subsidiary of Ceigall India and operates a highway asset in Punjab. For the financial year ended 31 March 2026, the company reported a turnover of Rs 82.69 crore, contributing around 2.1% of Ceigall India's consolidated turnover. The project company's net worth stood at Rs 136.11 crore, representing approximately 6.3% of the group's consolidated net worth.