Ceigall India shares rise after JV wins ₹704.7 crore Arunachal Frontier Highway contract

Shares of Ceigall India jumped 4% on Tuesday to hit the day’s high of Rs 336 on the NSE after the company secured a Rs 704.7 crore contract for the Frontier Highway project in Arunachal Pradesh.According to a filing with the exchange, the company received Letters of Acceptance (LOA) from the Ministry of Road Transport & Highways (MoRTH) for the construction of a key section of the Lada-Sarli section of NH913 (Frontier Highway) in Arunachal Pradesh, at a contract value of Rs 704.70 crore, excluding GST.Also Read | Ceigall India wins Rs 705 crore Arunachal Frontier Highway projectThe project will be executed jointly with Sushee Infra & Mining (SIML), with Ceigall India holding a 74% share and SIML holding a 26% share in the joint venture.The company said that the project involves the construction of the road from km 85.60 to km 168.00 of the Lada-Sarli section of NH-913 (Frontier Highway) to Intermediate Lane standard, and will be undertaken on an Engineering, Procurement and Construction (EPC) mode.This project carries a 48-month construction period, followed by a five-year maintenance period and will further strengthen Ceigall India’s growing portfolio of road infrastructure projects.The project reinforces its capabilities in executing large-scale highway projects across challenging geographies. The project forms part of the development of the Frontier Highway network in Arunachal Pradesh, supporting the expansion of critical road connectivity in the region.“We are pleased to receive this Letter of Acceptance from the Ministry of Road Transport & Highways for this important section of the Frontier Highway in Arunachal Pradesh. This project further strengthens our presence in the region and reflects our continued focus on expanding our portfolio of strategically important road infrastructure projects,” said Ramneek Sehgal, Managing Director, Ceigall India.Sehgal further said that, “Our partnership with Sushee Infra & Mining Limited brings together complementary capabilities, and we remain committed to delivering the project with a strong focus on execution excellence, quality and timely completion. We look forward to contributing to the development of critical highway infrastructure and strengthening connectivity in the region.”The leading infrastructure development company further said that with this project it will continue to build on its strategy of expanding its geographic footprint and strengthening its presence across key road infrastructure segments.The company remains focused on leveraging its EPC capabilities to undertake projects that contribute to the development of robust and reliable transport infrastructure across India.Also Read | Ceigall India JVs secure Rs 2,423-crore MoRTH orders for road construction on NH-913 in ArunachalOn Friday, the company in an exchange filing said that its joint ventures have secured five Letters of Acceptance (LOAs) from the Ministry of Road Transport & Highways (MoRTH) worth Rs 2,423.70 crore for road construction on NH-913 (Frontier Highway) in Arunachal Pradesh.The company has bagged an award for Rs 274.08-crore engineering, procurement, and construction (EPC) package covering construction of the road from 17.812 km to 55.377 km of the Bile-Migging section of NH-913, a company statement said.The project has been awarded to the joint venture between Ceigall India Ltd and Rajinder Infrastructure Pvt Ltd, in which Ceigall India holds a 70% stake and Rajinder Infrastructure holds the remaining 30%.The project also carries a 48-month construction period, followed by a five-year maintenance period.The stock has jumped 22.32% in 2026 so far and 34.24% in the last one year. In the last one month, it went down 1.41%.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Mumbai: Ceigall India Limited, along with Sushee Infra & Mining Limited, has received a Letter of Acceptance from the Ministry of Road Transport and Highways for a Rs 704.70-crore road project in Arunachal Pradesh.The contract value excludes Goods and Services Tax. Ceigall India holds a 74 percent stake in the joint venture, while Sushee Infra & Mining owns the remaining 26 percent.Frontier Highway constructionThe project covers the construction of the Lada-Sarli section of National Highway 913, also known as the Frontier Highway. The road will be developed from kilometre 85.60 to kilometre 168.00.The 82.4-kilometre stretch will be upgraded to an intermediate-lane road under the Engineering, Procurement and Construction model.Under an EPC contract, the joint venture will be responsible for engineering, procuring the required materials and completing construction.Completion periodThe joint venture has been given 48 months to complete the construction work. It will also maintain the road for five years after completion.Ceigall India informed the BSE and National Stock Exchange about the development on August 24, 2026. The company’s shares are listed under the NSE symbol “CEIGALL” and BSE scrip code 544223. Ceigall India Executes ₹603 Crore NHAI Agreement, 10.3 Km Punjab Highway Project To Have 15-Year O&M PeriodThe company said the contract was awarded by a domestic government entity. It also confirmed that its promoters, promoter group and group companies have no interest in the authority that awarded the project.The order does not fall under related-party transactions, according to the exchange filing.Strengthening road connectivityThe project is part of the Frontier Highway network in Arunachal Pradesh. The highway is expected to improve transport links across remote and strategically important areas of the state.Better road infrastructure can support the movement of people and goods, improve access to essential services and encourage economic activity in difficult terrain. Ceigall India Executes 15 Power Purchase Agreements For 130 MW Solar Project Worth ₹572 Crore The latest contract strengthens Ceigall India’s presence in the road and highway construction sector. The company had previously informed the exchanges about the project developments through letters dated July 8, 2026.Disclaimer: This article is based on information disclosed by Ceigall India in a regulatory filing with stock exchanges on August 24.