Ceigall India secures ₹298 cr contracts, stock rises
Ceigall India secured ₹298 crore in new EPC contracts from Purvah Green Power, enhancing its order book to ₹12,598 crore. The stock rose 3.85% to ₹275 following the announcement, reflecting improved revenue visibility.
after close1 source ↓written by the desknot a recommendation
- from Purvah Green
- ₹298 cr
- worth
- ₹177.93 cr
- order book
- ₹12,598 cr
- the stock rose
- 3.85%
- ₹275
Ceigall India announced two EPC contracts totaling ₹298 cr from Purvah Green Power, expected to complete in 10 months. The larger contract, worth ₹177.93 cr, involves foundations for 91 wind turbines in Andhra Pradesh.
This development boosts revenue visibility, adding to an existing order book of ₹12,598 cr. Following the news, the stock rose 3.85% to ₹275 with 1.58 lakh shares traded.
Not investment advice. For informational purposes only.