Ceigall India Secures ₹1,089 Crore Indore-Ujjain Highway Project
Ceigall India Limited's subsidiary has received a Letter of Award (LOA) for the Indore-Ujjain highway project. The project is valued at ₹1,089 crore and will be executed under the Hybrid Annuity Mode (HAM) over 24 months. This award boosts the company's order book in the roads and highways segment.
The project value of ₹1,089 crore is substantial and directly contributes to the company's revenue and growth, indicating a high impact.
The company has received a significant Letter of Award for a large-value highway project, which is a positive development for its business and order book.
Ceigall India Limited announced that its wholly owned subsidiary, Ceigall Infra Projects Private Limited, has received a Letter of Award (LOA) from Madhya Pradesh Road Development Corporation Limited (MPRDC) for the construction of the Indore –Ujjain Greenfield (Access Control) four-lane highway.
The project, to be executed under the Hybrid Annuity Mode (HAM), involves the development of a 48.10 km long access-controlled greenfield highway. The project has been awarded at a Bid Project Cost of ₹1,089 crore and is scheduled to be executed over a period of 24 months from the date of appointment.
Ramneek Sehgal, Chairman & Managing Director, Ceigall India Limited, stated, “The Indore –Ujjain Greenfield Highway is a strategically important infrastructure project for Madhya Pradesh. Receiving this LOA from MPRDC reinforces our strong execution capabilities in complex HAM projects and our commitment to building high-quality road infrastructure.” This LOA further strengthens Ceigall’s order book in the roads and highways segment.
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Ceigall India Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Ceigall India Limited. Read the original for the full detail.