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The Economic Times

Surbhi Khanna

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

Ceigall India Arunachal Pradesh Arunachal India Mining

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.

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