India, Feb. 10 -- A small cap company that specialized in the construction of structural projects such as elevated roads, flyovers, bridges saw its stock surge soon after the company announced that it has secured a Rs 1,700 crore solar and BESS project in Madhya Pradesh.

With a market cap of Rs 5,221 Cr, Ceigall India Ltd saw its stock hit an intraday high of Rs 308 which is more than 8 percent higher than the previous close of Rs 284. The stock has given a return of more than 30 percent in the last 2 months.

News Ceigall India Limited secured a Rs 1,700 crore solar and BESS project in Madhya Pradesh after receiving a Letter of Award from Rewa Ultra Mega Solar Limited. The 220 MW Morena Solar Park project was won through tariff-based b...