Ceigall India shares surge nearly 4% today after subsidiary wins Rs 1,199 crore NHAI road project
Shares of Ceigall India Limited climbed nearly 4% on Tuesday after the company announced a major order win from the National Highways Authority of India (NHAI). The stock rose by 3.92% or Rs 10.65 to trade at Rs 282.15 on the NSE, compared to its previous close of Rs 271.50.
According to the company's exchange filing, its subsidiary, Ceigall Northern Ayodhya Bypass Private Limited, has secured a Rs 1,199.30 crore project for the construction of a 4/6 lane northern Ayodhya bypass in Uttar Pradesh. The project will cover a total stretch of 35.40 km and will be executed under the Hybrid Annuity Mode (HAM) as part of NHDP Phase-VII. The NHAI has set July 9, 2025, as the appointed date for commencement of the project.
In addition to this, the company had also bagged a Rs 923 crore road project in March this year for the development of the southern Ludhiana bypass in Punjab. That project, also under HAM, is part of the Ludhiana-Ajmer Economic Corridor.
At the time of reporting, Ceigall India's stock has witnessed strong investor interest, driven by these large-scale infrastructure orders, reflecting the company's growing order book and execution capabilities.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
6 hours ago
- Business Upturn
CapitalMarketsDad.com Launches to Revolutionize How Parents Navigate the Capital Markets World
By GlobeNewswire Published on July 28, 2025, 22:00 IST VANCOUVER, British Columbia, July 28, 2025 (GLOBE NEWSWIRE) — The capital markets industry is evolving fast, and so are the people who drive it. Introducing the first online hub designed specifically for parents balancing the high-stakes world of capital markets with the joys and challenges of family life. With the multi-trillion dollar wealth transfer underway from boomers to younger generations, companies and professionals aged 25-50 are looking to connect with one another but it's challenging. changes that by offering a fresh, authentic space where professionals in the capital markets can find community, resources, and opportunities without sacrificing work-life balance. Why Real Talk, Real Support: No corporate jargon, just honest conversations about juggling spreadsheets and bedtimes. No corporate jargon, just honest conversations about juggling spreadsheets and bedtimes. Discover Companies That Get It: Find firms that value family first culture while leading the market. Find firms that value family first culture while leading the market. Exclusive Insights & Newsletters: Stay ahead with curated content on trends and life hacks. Stay ahead with curated content on trends and life hacks. Connect & Network: Grab a hoodie, hat, or golf shirt and join a community that understands the unique blend of financial ambition and parenting. Founder Andrew Moncur, a seasoned capital markets professional and proud dad says, 'We're redefining what it means to succeed in finance. You don't have to choose between being a great parent or a great professional, we can celebrate both.' Visit today. Pull up a chair, grab a coffee, and take a few minutes that you definitely earned. Media Contact:Andrew MoncurFounder, Email: [email protected] Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Business Upturn
7 hours ago
- Business Upturn
Why is GNG Electronics IPO allotment delayed? Here's what we know so far
By Aditya Bhagchandani Published on July 28, 2025, 21:52 IST Investors eagerly awaiting the GNG Electronics IPO allotment status were left in suspense on July 28 as the expected finalisation did not occur within market hours. The ₹460.43 crore IPO, which closed to an overwhelming response on July 25 with a massive 150.21x overall subscription, was scheduled to have its allotment status updated on Monday, but by late evening, it was still pending. What may have caused the delay? The likely reason behind the delay is the high subscription volume, particularly in the Qualified Institutional Buyers (QIB) and Non-Institutional Investor (NII) categories, which were oversubscribed 266.21 times and 226.44 times, respectively. Such oversubscription often results in complex allotment calculations, especially for large-volume applications and retail investors participating via UPI, where payment verifications must also be reconciled by the registrar. Moreover, administrative checks and system loads on registrar platforms like Bigshare Services Pvt Ltd — handling this IPO — can sometimes lead to technical lags or deferred processing of allotment files. While no official statement has confirmed the delay, investors expect the GNG allotment status to go live sometime late tonight or by Tuesday morning (July 29). How to Check GNG Electronics IPO Allotment Status: 📍 On BSE Website: Visit BSE Allotment Page Select 'Equity' as Issue Type Choose GNG Electronics Ltd from the dropdown Enter PAN/Application Number/DP ID Click Search 📍 On NSE Website: Visit NSE IPO Allotment Page Choose 'Equity and SME IPO bids' Select 'GNG Electronics Ltd' Enter PAN & Application Number Click Submit 📍 On Bigshare Services Portal: Visit Bigshare Allotment Page Select GNG Electronics Ltd Enter either PAN, Application No., or DP/Client ID Click Submit GMP and Listing Outlook As of the latest update, the Grey Market Premium (GMP) for GNG Electronics stands at ₹94, implying a potential listing price of ₹331 (₹237 issue price + ₹94 premium), suggesting a listing gain of ~39.6% — if sentiment holds steady. What Next? All eyes are now on the final upload of allotment data, which is expected by early July 29. Refunds for unallotted shares will be processed thereafter, and shares are likely to be credited to demat accounts on July 30, followed by listing on BSE and NSE on Wednesday, July 31. 📢 In case of issues or queries, investors can contact Bigshare Services at +91-22-6263 8200 or email: [email protected] Disclaimer: IPO investments are subject to market risks. Always consult your financial advisor before investing. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
13 hours ago
- Business Upturn
Cosmo First's Zigly acquires Dr. Santa Animal Healthcare, launches multi-speciality pet care centre in Whitefield, Bengaluru
By Aman Shukla Published on July 28, 2025, 16:36 IST Zigly, India's first tech-enabled omni-channel pet care brand and a part of Cosmo First, has announced the strategic acquisition of Dr. Santa Animal Healthcare, a reputed veterinary clinic based in Bengaluru. The acquisition marks the launch of Zigly's full-fledged 24×7 multi-speciality pet hospital in Whitefield, reinforcing its commitment to premium pet wellness services. The Whitefield centre will offer round-the-clock veterinary care, surgeries, diagnostics, grooming spa, and curated pet products from Applod, FurPro, and Zigly Lifestyle. Dr. Santa, with over five years of experience and Rs 2.23 crore (unaudited) in FY25 revenue, brings a strong client base and operational legacy. With this expansion, Zigly now operates six centres in Bengaluru—HSR Layout, JP Nagar, New Bel Road, Koramangala, Karthik Nagar, and Whitefield. The acquisition includes all assets, employees, and customer data, ensuring a seamless transition for existing pet parents. Pankaj Poddar, Group CEO of Cosmo First, said the move strengthens Zigly's mission to deliver holistic and modern pet care. The new centre is located at Pattandur Agrahara Village, Ambedkar Nagar, Whitefield. This launch further positions Zigly as a leader in India's growing premium pet care segment, offering tech-enabled, comprehensive wellness solutions for pets. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
