News

Ceigall India has received credit ratings from India Ratings and Research as under:Bank loan facilities (Rs 3,070 crore) - IND AA-; Stable / IND A1+ (affirmed; outlook revised) Commercial paper (Rs 100 crore) - IND A1+ (assigned)

Ceigall India jointly with Sushee Infra & Mining (SIML) [CIL � 74% & SIML � 26% share in JV] has emerged as the L1 bidder for tender invited by Ministry of Road Transport and Highway for EPC project entailing construction of road from km 85.60 to km 168.00 of Lada-Sarli section of NH-913 (Frontier Highway) to Intermediate Lane on EPC mode in the State of Arunachal Pradesh. The project is valued at Rs 704.70 crore.

Ceigall India has emerged as L1 bidder for tender floated by Public Works Department, Delhi Government related to strengthening and other works of various roads under South Maintenance Zone, PWD during 2026-27. The estimated tender cost was Rs. 256.46 crore, while the company`s L1 bid was Rs. 330.84 crore (including GST), which is approx. 29% above the estimated tender cost.

Ceigall India has marked another significant milestone in its diversification into clean energy infrastructure with the execution of a Power Purchase Agreement (PPA) through its wholly owned subsidiary, Ceigall Morena Solar BESS Park, with Rewa Ultra Mega Solar for a 220 MW Solar and Battery Energy Storage System (BESS) project at Morena Solar Park in Madhya Pradesh. The tariff-based project, valued at approximately Rs 1,700 crore (including GST), combines solar power generation with Battery Energy Storage Systems (BESS), reinforcing India`s transition towards a more resilient and sustainable energy ecosystem. The project carries an 18-month construction timeline followed by a 25-year operational period, with a discovered tariff of ₹2.70 per kWh. The project represents another strategic step in Ceigall India`s expanding infrastructure portfolio, complementing its strong presence in transportation and civil infrastructure while strengthening its footprint in the country`s rapidly growing renewable energy sector.

The board of Ceigall India at its meeting held on 29 June 2026 has approved the appointment of Ayyalusamy Saravanan (DIN: 02592825), currently Chief Executive Officer (CEO), as an Additional Director / Whole-Time Director who shall be designated as Whole-Time Director & CEO of the Company, with effect from 01 July 2026. The board also appointed Dr. Pawan Kumar (DIN: 06863880) as an Additional Director / Whole-Time Director on the Board of the Company, with effect from 01 July 2026. The board accepted the resignation of Dr. Sudhir Rao Hoshing (DIN: 02460530) from the position of Whole-Time Director of the Company, effective from the closure of business hours on 15 July 2026.