Ceigall India Ltd

Ceigall Green Energy MP, wholly owned subsidiary of Ceigall India has completed the execution of 15 Power Purchase Agreements (PPAs) on 1 April 2026, with Madhya Pradesh Power Management Company (MPPMCL) for the awarded capacity of 130 MW under Surya Mitra Krishi Feeder Yojna. The project cost is approx. Rs 572 crore.

Stocks in Spotlight: Export-oriented stocks will be in focus as the West Asia conflict intensifies, with the US-Iran war entering its fifth week, pushing up crude oil prices and raising inflation concerns. Ceigall India announced that its subsidiary, Ceigall Infra Projects (CIPPL), has secured an order worth Rs 603 crore from the National Highways Authority of India (NHAI) for the construction of a six-lane access-controlled spur road in Punjab. The project, with a bid value of Rs 603 crore, comprises an 18-month construction phase followed by a 15-year operation and maintenance (O&M) period. RailTel Corporation of India announced that it has received a Letter of Intent (LoI) from the Centre for E-Governance for selection as system integrator for the KSWAN 3.0 project. The order, valued at Rs 444.44 crore (including taxes). Thermax announced that its wholly owned subsidiary, Thermax Babcock & Wilcox Energy Solutions (TBWES), has secured an order worth approximately Rs 1,600 crore from Anuppur Powerprojects for a thermal power project. Dilip Buildcon said that it has secured a contract worth Rs 698.49 crore from the Narmada Water Resources, Water Supply and Kalpasar Department, Government of Gujarat. KNR Constructions has received a Letter of Award from the National Highways Authority of India for a highway project in Telangana. The project involves four-laning of NH-167 from Gudebellur to Mahabubnagar, covering a stretch of 80.01 km under the Hyderabad-Panaji section, the company said in an exchange filing. The total project cost stands at Rs 1,734 crore. Syngene International's board approved the appointment of Siddharth Mittal as an additional director, designated as managing director (MD) & chief executive officer (CEO) with effect from 1 July 2026. Meanwhile, Peter Bains will step down from his role as MD & CEO, effective from close of business hours on 30 June 2026. Powered by Capital Market - Live

The project involves development of a 10.3-km stretch from a point on the Ambala'Chandigarh section of NH-205A to the Zirakpur Bypass under NH(O) in Punjab. The contract will be executed under the Hybrid Annuity Mode (HAM), the company said. The project, with a bid value of Rs 603 crore, comprises an 18-month construction phase followed by a 15-year operation and maintenance (O&M) period. Ramneek Sehgal, Chairman & Managing Director, Ceigall India, said in the statement, Securing this project reaffirms our position as a trusted partner in India's highway development and reflects NHAI's continued trust in Ceigall's technical capabilities and execution strength. We remain focused on scaling our infrastructure portfolio while consistently delivering high-quality, time-bound projects that improve connectivity and contribute to the nation's growth agenda. 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. On a consolidated basis, net profit of Ceigall India rose 1.24% to Rs 74.11 crore, while net sales rose 19.34% to Rs 991.14 crore in Q3 December 2025 over Q3 December 2024. Shares of Ceigall India dropped 2.61% to close at Rs 268.35 on 27 March 2026.Powered by Capital Market - Live

Ceigall Infra projects (CIPPL), a wholly owned subsidiary of Ceigall India (CIL) has received Letter of Award (LOA) dated 27 March 2026 from National Highways Authority of India for the 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(O) in the State of Punjab on Hybrid Annuity Mode. The project bid cost is Rs 603 crore. Powered by Capital Market - Live

The agreements cover the development of solar photovoltaic projects totaling 337 MW under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 (MSKVY 2.0). The first project, with 190 MW across four districts, has an EPC cost of about Rs 772 crore, while the second, 147 MW project spanning two districts, carries an EPC cost of Rs 597 crore. The combined EPC value is approximately Rs 1,369 crore. Both projects, scheduled for completion in 18 months, include engineering, procurement, and construction (EPC) as well as operations and maintenance, with power to be supplied under long-term PPAs for 25 years at tariffs of Rs 2.72'Rs 2.84 per unit for the 190 MW project and Rs 2.86 per unit for the 147 MW project. The company confirmed that neither the promoter nor promoter group has any interest in the awarding entity, and the contracts do not constitute related party transactions. Ramneek Sehgal, chairman & managing director (MD), Ceigall India, said: 'We are building Ceigall into a scaled renewable platform with the ambition to be among the most credible infrastructure players in India's energy transition. These PPAs mark a decisive step in building a scaled, long-duration renewable energy platform for us. We are prioritising assets and opportunities that combine execution visibility with long-term annuity-style returns. As India accelerates its clean energy transition, we are positioning ourselves not just as an EPC player, but as a credible developeroperator with the capability to deliver, own, and manage large renewable assets over decades.' 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. On a consolidated basis, net profit of Ceigall India rose 1.24% to Rs 74.11 crore while net sales rose 19.34% to Rs 991.14 crore in Q3 December 2025 over Q3 December 2024. Powered by Capital Market - Live

The contracts have been awarded under the engineering, procurement and construction (EPC) mode by a domestic entity and are to be completed within a construction period of 10 months. The scope of work includes supply, transportation, erection, and civil works on a turnkey basis for a 220 kV transmission line, along with right of way and statutory approvals. Additionally, the company will undertake construction works for the balance of plant for a 300.3 MW hybrid (wind) power project in Ralla, Andhra Pradesh, comprising 91 wind turbine generators (WTGs). The two contracts are valued at Rs 119.96 crore and Rs 177.93 crore, respectively, inclusive of GST, taking the aggregate order value to approximately Rs 298 crore. The company clarified that the contracts do not involve any related party transactions and that neither the promoter nor the promoter group has any interest in the awarding entity. 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. On a consolidated basis, net profit of Ceigall India rose 1.24% to Rs 74.11 crore while net sales rose 19.34% to Rs 991.14 crore in Q3 December 2025 over Q3 December 2024. The counter rose 0.61% to end at Rs 265.Powered by Capital Market - Live

The project has been involves construction of a 10.3 km 6-lane spur connectivity between the Ambala'Chandigarh section of NH-205A and Zirakpur Bypass under Hybrid Annuity Mode in Punjab. The total consideration of project stands at Rs 603 crore and the project is expected to be executed over an 18 month construction period, followed by 15 year operation & maintenance period. 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. On a consolidated basis, net profit of Ceigall India rose 1.24% to Rs 74.11 crore while net sales rose 19.34% to Rs 991.14 crore in Q3 December 2025 over Q3 December 2024. The counter fell 0.22% to end at Rs 270.65.Powered by Capital Market - Live

The projects have been awarded under Package 1 and Package 3, with a combined bid value of Rs 207 crore (Rs 108 crore and Rs 99 crore, respectively). Both contracts are domestic in nature. The scope of work includes construction and development of urban street infrastructure in Ludhiana. Each project comes with an execution timeline comprising an 8-month construction period followed by a 6-year maintenance phase. The contracts have been awarded under the Hybrid Annuity Model (HAM), a public-private partnership structure commonly used in infrastructure development. The company clarified that neither the promoter nor promoter group entities have any interest in the awarding authority, and the contracts do not fall under related party transactions. 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. On a consolidated basis, net profit of Ceigall India rose 1.24% to Rs 74.11 crore while net sales rose 19.34% to Rs 991.14 crore in Q3 December 2025 over Q3 December 2024. Shares of Ceigall India rose 0.46% to Rs 281 on the BSE. Powered by Capital Market - Live

Ceigall Infra Projects (CIPPL), a wholly owned subsidiary of Ceigall India (CIL) has emerged as the L1 bidder in the financial bid opening for two (2) tenders by the Punjab Infrastructure Development Board on 16 March 2026. These include: - Construction And Development of the World Class Urban Street in Ludhiana On Hybrid Annuity Model Package 1 (Bid cost of Rs 108 crore). - Construction And Development of the World Class Urban Street in Ludhiana On Hybrid Annuity Model Package 3 (Bid cost of Rs 99 crore). Powered by Capital Market - Live

The stock has added 3.65% in two sessions, from its recent closing low of Rs 266.10 recorded on 13 March 2026. In the last one year, Ceigall India has risen 13.66% while the benchmark S&P BSE Sensex has added 2.45% in the same period. In a regulatory filing made yesterday, Ceigall India said that its joint venture with Rajinder Infrastructure has emerged as the lowest (L-1) bidder for an EPC road project awarded by the Ministry of Road Transport and Highways. The project entails construction of an 81 km stretch of NH-913 in Arunachal Pradesh, with a bid value of Rs 274.08 crore attributable to the company. The contract is domestic in nature and is to be executed over a 48-month construction period, followed by a five-year maintenance phase. Ceigall India's share in the aforesaid joint venture is 70% while that of Rajinder Infrastructure is remaining 30%. 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. On a consolidated basis, net profit of Ceigall India rose 1.24% to Rs 74.11 crore while net sales rose 19.34% to Rs 991.14 crore in Q3 December 2025 over Q3 December 2024. Powered by Capital Market - Live