Infra stock in focus after receiving ₹603 Cr highway project from NHAI

SYNOPSIS: A subsidiary of this EPC company secured a Rs. 603 crore NHAI highway project in Punjab under HAM, involving a 10.3 km spur road with an 18-month construction and 15-year maintenance period.

During Monday’s trading session, shares of one of the fastest-growing engineering, procurement and construction (EPC) companies are in focus on the stock exchanges, after securing an order worth nearly Rs. 603 crores from the National Highways Authority of India (NHAI) in Punjab.

With a market cap of Rs. 4,684 crores, shares of Ceigall India Limited are currently trading in the green at Rs. 268.9 on BSE, up by around 0.2 percent, compared to its previous closing price of Rs. 268.35. The stock has delivered positive returns of around 4 percent in one year, but has fallen by nearly 2 percent in the last one month.

What’s the News

According to the latest disclosure filed with the stock exchanges, Ceigall Infra Projects Private Limited (CIPPL), a wholly owned subsidiary of Ceigall India Limited (CIL), has received a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for the construction of a 6-lane access-controlled spur road in Punjab. 

The awarded project involves developing a 10.300 km stretch starting from Ch. 15+100 of the Ambala-Chandigarh section of NH-205A and terminating at Ch. 2+500 of the Zirakpur Bypass, under the NH(O) in Punjab. The project will be executed on the Hybrid Annuity Mode (HAM). The total project cost stands at Rs. 603 crore, and is scheduled to be completed within 18 months, followed by a 15-year operation and maintenance (O&M) phase.

Financials & More

Ceigall India reported a significant growth in revenue from operations, experiencing a year-on-year increase of over 19 percent, from Rs. 831 crores in Q3 FY25 to Rs. 991 crores in Q3 FY26. Likewise, its net profit increased during the same period from Rs. 71 crores to Rs. 72 crores, representing a marginal rise of nearly 1.4 percent YoY.

As of 31st December 2025, the company reported a total order book of Rs. 13,268 crores. A significant portion of the order book is concentrated in roads, highways, and flyover projects, which account for 64.2 percent of the total order book. This is followed by the renewable energy segment, contributing 23.9 percent, while industrial infrastructure projects make up 4.7 percent.

Other segments include transmission and distribution (2.9 percent), railways and metro projects (2.6 percent), bus terminals (1.1 percent), and tunnels (0.6 percent), with a negligible contribution from airport runway projects.

Ceigall India Limited is an infrastructure engineering, procurement, and construction (EPC) company engaged in the development of highways, expressways, bridges, flyovers, railway overbridges, tunnels, and runways. It 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.

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 in focus after receiving ₹603 Cr highway project from NHAI appeared first on Trade Brains.