Ceigall India shares rise 4% after winning Rs 705 crore Arunachal Pradesh Frontier Highway project

Shares of Ceigall India jumped 4% on Tuesday to hit the day’s high of Rs 336 on the NSE after the company secured a Rs 704.7 crore contract for the Frontier Highway project in Arunachal Pradesh.

According to a filing with the exchange, the company received Letters of Acceptance (LOA) from the Ministry of Road Transport & Highways (MoRTH) for the construction of a key section of the Lada-Sarli section of NH913 (Frontier Highway) in Arunachal Pradesh, at a contract value of Rs 704.70 crore, excluding GST.

Also Read | Ceigall India wins Rs 705 crore Arunachal Frontier Highway project


The project will be executed jointly with Sushee Infra & Mining (SIML), with Ceigall India holding a 74% share and SIML holding a 26% share in the joint venture.

The company said that the project involves the construction of the road from km 85.60 to km 168.00 of the Lada-Sarli section of NH-913 (Frontier Highway) to Intermediate Lane standard, and will be undertaken on an Engineering, Procurement and Construction (EPC) mode.

This project carries a 48-month construction period, followed by a five-year maintenance period and will further strengthen Ceigall India’s growing portfolio of road infrastructure projects.

The project reinforces its capabilities in executing large-scale highway projects across challenging geographies. The project forms part of the development of the Frontier Highway network in Arunachal Pradesh, supporting the expansion of critical road connectivity in the region.

“We are pleased to receive this Letter of Acceptance from the Ministry of Road Transport & Highways for this important section of the Frontier Highway in Arunachal Pradesh. This project further strengthens our presence in the region and reflects our continued focus on expanding our portfolio of strategically important road infrastructure projects,” said Ramneek Sehgal, Managing Director, Ceigall India.

Sehgal further said that, “Our partnership with Sushee Infra & Mining Limited brings together complementary capabilities, and we remain committed to delivering the project with a strong focus on execution excellence, quality and timely completion. We look forward to contributing to the development of critical highway infrastructure and strengthening connectivity in the region.”

The leading infrastructure development company further said that with this project it will continue to build on its strategy of expanding its geographic footprint and strengthening its presence across key road infrastructure segments.

The company remains focused on leveraging its EPC capabilities to undertake projects that contribute to the development of robust and reliable transport infrastructure across India.

Also Read | Ceigall India JVs secure Rs 2,423-crore MoRTH orders for road construction on NH-913 in Arunachal

On Friday, the company in an exchange filing said that its joint ventures have secured five Letters of Acceptance (LOAs) from the Ministry of Road Transport & Highways (MoRTH) worth Rs 2,423.70 crore for road construction on NH-913 (Frontier Highway) in Arunachal Pradesh.

The company has bagged an award for Rs 274.08-crore engineering, procurement, and construction (EPC) package covering construction of the road from 17.812 km to 55.377 km of the Bile-Migging section of NH-913, a company statement said.

The project has been awarded to the joint venture between Ceigall India Ltd and Rajinder Infrastructure Pvt Ltd, in which Ceigall India holds a 70% stake and Rajinder Infrastructure holds the remaining 30%.

The project also carries a 48-month construction period, followed by a five-year maintenance period.

The stock has jumped 22.32% in 2026 so far and 34.24% in the last one year. In the last one month, it went down 1.41%.

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