Ceigall India share price added 2 percent in the opening trade on September 26 following the company received road construction project worth Rs 509 crore.
At 09:20am, Ceigall India was quoting at Rs 276, up Rs 4.55, or 1.68 percent, on the BSE.
The joint venture between Ceigall India (CIL) and JSP projects (JSPPPL) has received Letter of Award from Greater Mohali Area Development Authority (GMADA) for the construction of internal road of Pocket B, C & D of Aerotropolis S.A.S Nagar (Civil, Public Health and Elect. Works).
The total cost of the work is Rs 509,20,80,359 with CIL share is 80% and JSPPPL share is 20%.
The said contract is to be executed in 24 months.
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Last week the company has emerged as the lowest bidder in auction establishment of grid-connected ground-mounted solar photovoltaic (PV) project with battery
energy storage systems (BESS) at Morena Solar Park, Madhya Pradesh,” through a tariff-based competitive bidding.
The company has quoted a tariff of Rs 2.70/kWh with a capacity of 220 MW out of the total 440 MW project from Rewa Ultra Mega Solar.
In the previous trading session, the share closed at Rs 271.45, down Rs 0.20, or 0.07 percent.
The share touched a 52-week high of Rs 397.95 and a 52-week low of Rs 229.00 on 04 October, 2024 and 07 April, 2025, respectively.
Currently, the stock is trading 30.64 percent below its 52-week high and 20.52 percent above its 52-week low.
The market capitalisation of the company stands at Rs 4,808.05 crore.
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