Ceigall India subsidiary achieves 20.09% physical progress on Ayodhya Bypass project
Ceigall India's subsidiary, Ceigall Ayodhya Bypass Private Limited, achieved 20.09% physical progress on the Southern Ayodhya Bypass project by December 29, 2025. This milestone marks the successful completion of Milestone I under the Concession Agreement.
The progress on a major infrastructure project is a material development for the company, impacting its future revenue and operational performance.
The announcement indicates significant progress on a key project, which is a positive development for the company.
Ceigall India Limited announced that its subsidiary, Ceigall Ayodhya Bypass Private Limited, has received a letter dated December 31, 2025, from the Independent Engineer certifying a physical progress of 20.09% on the "Construction of 4/6 Lane Southern Ayodhya Bypass" project until December 29, 2025.
This achievement signifies the successful attainment of Milestone I under Schedule G of the Concession Agreement for the project, which involves the construction of a 32.172 km highway on HAM Basis in Uttar Pradesh.
The company also stated that this update is available on its website, www.ceigall.com.
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