Ceigall India Share Price Falls Over 4%; Emerges L1 Bidder for ₹704.70 Crore MoRTH Contract

Ceigall India Ltd has emerged as the lowest (L1) bidder for a highway project awarded by the Ministry of Road Transport and Highways (MoRTH), as per an exchange filing dated July 8, 2026.  

The company secured the project through a joint venture with Sushee Infra & Mining Ltd, in which Ceigall India has a 74% share and Sushee Infra & Mining holds 26%. The contract value stands at ₹704.70 crore, excluding GST.  

Project Scope in Arunachal Pradesh 

The contract is for the construction of the Lada–Sarli section of National Highway-913, also known as the Frontier Highway, in Arunachal Pradesh. The work covers the stretch between km 85.60 and km 168.00.  

According to the filing, the road will be developed to an intermediate lane under the Engineering, Procurement and Construction (EPC) mode.  

Timeline for Completion 

The project includes both construction and maintenance responsibilities. The construction period has been set at 48 months, followed by a five-year maintenance period.  

The financial bids for the tender were opened on July 8, 2026, after which the Ceigall India-Sushee Infra & Mining joint venture was declared the L1 bidder.  

Details of the Award 

The company noted that the contract has been awarded by a domestic authority. It also clarified that its promoters and promoter group companies do not have any interest in the entity awarding the contract.  

In addition, Ceigall India stated that the order does not fall within the scope of related-party transactions under applicable regulations.  

Regulatory Disclosure 

The announcement was made through a stock exchange filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also identified the project and confirmed that the awarded cost is ₹704.70 crore, excluding GST. 

Read More: Tilaknagar Industries Share Price in Focus; Achieves Record Sales of 3.4 Million Cases in June 2026! 

Ceigall India Share Price Performance  

As of July 8, 2026, 2:15 pm, Ceigall India Ltd share price was trading at ₹363.50, down 4.10% from the previous closing price. 

Conclusion 

The contract covers the construction of a section of NH-913 in Arunachal Pradesh under the EPC model. The project includes a 48-month construction period followed by five years of maintenance. 

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