Ceigall, JV partner wins infra project worth ₹509 crore in Punjab; shares rise nearly 3%

The rise in the share price comes after the company on Sunday, September 28 said it has secured an infrastructure contract worth ₹509.20 crore in a joint venture with JSP Projects.

The JV has been awarded the project from the Greater Mohali Area Development Authority (GMADA) for the development of Mohali township, a Ceigall India statement said.

The contract includes the construction of internal roads and associated civil, public health, and electrical works. It is to be executed within 24 months under an item-rate contract.

Ceigall Chairman and Managing Director Ramneek Sehgal said, "The Aerotropolis project is a transformative urban initiative, and we are proud to contribute to building resilient infrastructure that will support connectivity, growth, and sustainable urban development in the region. Through our JV with JSPPPL, we are committed to delivering this project with efficiency, innovation, and uncompromising quality".

Ceigall India is an infrastructure engineering, procurement, and construction (EPC) company, undertaking specialised structural works such as elevated roads, flyovers, bridges, railway overbridges, tunnels, highways, expressways, and runways.

Over the last five trading sessions, Ceigall India’s shares declined 4.44%. On the other hand, the stock gained 8.37% in the last month. Further, the scrip advanced 2.16% over the past six months, while it declined 23.04% on a year-to-date basis.

The stock touched its 52-week high of ₹397 on October 4, 2024 and its 52-week low of ₹235.95 on April 7, 2025. The company’s market capitalisation stands at ₹4,626.01 crore as recorded on September 29.