Ceigall India surges after NHAI clears projects worth almost Rs 2,500 crore

Ceigall India share price today, Ayodhya Bypass project: Shares of recently listed infrastructure company, Ceigall India increased over 6.05 per cent today (September 18) as the company announced two projects of Ayodhya Bypass on September 17, 2024.

On Wednesday, September 18, 2024, gained as much as 6.05 per cent in the early session, according to the BSE website.

The Ludhiana-based infra company has declared two projects in two regions, Southern and Northern worth Rs 2,498.5 crore under NHDP Ph-VII in Ayodhya, Uttar Pradesh for National Highway Authority of India (NHAI); 4/6 Lane Northern Bypass, and the 4/6 Lane Southern Bypass.

For the 4/6 Lane Southern Ayodhya Bypass project, they will construct a highway lane of 32.172 km, as the L1 bidder. While for the Northern one, they will complete a 35.40 km length of highway as the L1 bidder.

Here are all the details of these projects:

4/6 Lane Northern Bypass project

• Length: 35.40 km
• Type: Hybrid Annuity Mode (HAM) under NHDP Phase 7
• Bid amount: Rs 1,199.30 crores

4/6 Lane Southern Bypass project

• Length: 32.172 km
• Type: Hybrid Annuity Mode (HAM) under NHDP Phase 7
• Bid Amount: Rs 1,299.20 crore

About Ceigall India company?

Incorporated in 2002, the infrastructure company have experience in undertaking specialised structural work such as elevated roads, flyovers, bridges, railway over bridges, tunnels, highways, expressways and runways. However, the company's stock was listed on the bourses on August 8.

Ciegall India Stock: Performance

Since its stock listing, the shares gained as much as 2.45 per cent. Meanwhile, the Nifty Infrastructure index has surged 3.33 per cent in the same period.