World · India Bureau
Ceigall India gains 5% on ₹705-crore Arunachal Pradesh highway contract
Construction firm Ceigall India has secured a major road project in Arunachal Pradesh after receiving formal acceptance from the Ministry of Road Transport and Highways. The contract win drove the company's shares up 5% in trading.
LSN India ·
Ceigall India has won a significant infrastructure contract valued at ₹705 crore for constructing a critical section of National Highway 913 in Arunachal Pradesh. The company received Letters of Acceptance from the Ministry of Road Transport and Highways for work on the Lada-Sarli section of the highway.
The project award prompted investor interest in the firm, with its stock price rising 5% following the announcement. The contract represents a substantial addition to Ceigall India's order book and underscores continued demand for infrastructure development in India's northeastern states.
National Highway 913 is a key transportation corridor in Arunachal Pradesh, and the Lada-Sarli section forms a vital link in the region's road network. The project aligns with the government's broader push to improve connectivity in the Northeast through the National Infrastructure Pipeline.
Ceigall India, a construction and engineering firm, has built a portfolio of highway and infrastructure projects across India. The ₹705-crore contract adds to the company's presence in the Northeast, a region experiencing increased investment in connectivity and economic development initiatives.