Ceigall India’s stock jumped 6% after the company announced the successful financial closure of two major highway projects in Uttar Pradesh. The total project value stands at ₹2,498.50 crore, signaling strong growth potential for the infrastructure firm.
The company confirmed the financial closure of the Northern Ayodhya Bypass (35.40 km) and the Southern Ayodhya Bypass (32.17 km), both awarded under the Hybrid Annuity Mode (HAM). Notably, Ceigall secured funding and approvals within just 83 days—well ahead of the 150-day deadline set by the National Highways Authority of India (NHAI). This swift execution highlights the company’s operational efficiency and financial strength.
Achieving financial closure is a crucial milestone in infrastructure projects, ensuring that all regulatory approvals and funding arrangements are in place.
Ceigall shares opened at ₹270.00 today, reaching a high of ₹281.85 and a low of ₹266.45. The stock remains far from its 52-week high of ₹424.80 but is still above its 52-week low of ₹241.85. As of 9:21 AM, the shares were trading 6.29% higher at Rs 280.55.
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