On Monday, December 29, 2025, Indian equity benchmark indices were trading marginally in the red. The Nifty was down 0.07% as of 10:30 AM. Alongside the frontline indices, broader markets also remained under pressure, with both the Nifty Midcap and Smallcap indices trading in negative territory.
Despite the subdued market undertone, one stock stood out by bucking the broader trend. Ceigall India share price surged higher during the session, attracting investor attention amid positive company-specific developments.
Ceigall India is an infrastructure engineering, procurement and construction (EPC) company with expertise in specialised structural works. Its portfolio includes elevated roads, flyovers, bridges, railway overbridges, tunnels, highways, expressways and runways.
The company’s core operations are broadly classified into two segments — EPC projects and projects executed under the Hybrid Annuity Model (HAM), allowing it to participate across a wide spectrum of road and highway infrastructure development.
Ceigall India’s share price came into focus on Monday after the company announced that its wholly owned subsidiary, Ceigall Infra Projects Private Limited, has received a Letter of Award (LOA) from Madhya Pradesh Road Development Corporation Limited.
The LOA pertains to the construction of the Indore–Ujjain Greenfield (Access Controlled) four-lane highway with paved shoulders. The project will be executed under the Hybrid Annuity Mode.
The project involves the development of a 48.10-kilometre access-controlled greenfield highway, starting from Km 0.000 near Pitra Parvat and ending at Km 48.100. The scope also includes the Simhastha bypass at Km 2.600.
The project has been awarded at a bid project cost of ₹1,089 crore and is scheduled to be completed within 24 months from the date of appointment.
Under the scope of work, Ceigall Infra Projects will undertake construction of the highway infrastructure in line with HAM guidelines. The project aims to improve connectivity between Indore and Ujjain while enabling safe, efficient and high-speed vehicular movement.
The Indore–Ujjain highway project is expected to play a key role in easing traffic congestion and improving access to important economic and religious centres in Madhya Pradesh.
The award further strengthens Ceigall’s presence in the roads and highways segment and reinforces its capabilities in executing large-scale HAM projects for state road development authorities. The project aligns with the company’s long-term strategy of contributing to India’s infrastructure growth through sustainable and future-ready transportation corridors.
As of H1FY26, Ceigall India’s order book stood at ₹12,598 crore. During the first half of FY26, the company recorded order inflows of ₹3,747 crore, providing strong revenue visibility for the coming years.
On Monday, December 29, 2025, Ceigall India’s share price touched an intraday high of ₹274. As of 10:43 AM, the stock was trading at ₹265.65 per share on the NSE, up by over 2%, even as broader market indices remained under pressure.
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