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Ceigall India shares rallied more than 2% in early trading on Wednesday after the company announced the execution of a major concession agreement with the National Highways Authority of India (NHAI) for a highway infrastructure project in Punjab.
The company informed that the concession agreement was signed on June 9, 2026, for the construction of a 6-lane access-controlled spur connectivity linking the Ambala–Chandigarh section of NH-205A with the Zirakpur Bypass. The project will be developed under the Hybrid Annuity Mode (HAM).
The project covers a total length of 10.3 kilometres and carries an estimated construction cost of ₹603 crore, excluding GST. The infrastructure development is expected to improve regional connectivity, ease traffic congestion, and enhance transportation efficiency in the Punjab-Haryana corridor.
According to the company, the project will be executed through its special purpose vehicle (SPV), CEIGALL AMBALA CHANDIGARH ZIRAKPUR LIMITED. The construction period has been fixed at 18 months, while the operation and maintenance phase will extend for 15 years after project completion.
The latest contract further strengthens Ceigall India’s order book and reinforces its position in India's fast-growing road and highway construction sector. The agreement also highlights the government's continued focus on expanding high-quality transportation infrastructure across the country.
Ceigall India share price Performance
Ceigall India shares traded in a positive range during the session following the project announcement.
At around 10:28 AM, the stock recorded:
- Previous Close: ₹366.40
- Open: ₹368.00
- Day's Low: ₹362.70
- Day's High: ₹374.85
- 52-Week Low: ₹222.61
- 52-Week High: ₹386.40
- Volume: 4.23 lakh shares
Based on the previous close of ₹366.40 and the day's high of ₹374.85, the stock gained approximately 2.31% during intraday trading.
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