Ceigall India subsidiary achieves project milestone 92 days early
Ceigall India Limited's subsidiary, Ceigall Ayodhya Bypass Private Limited, has achieved 35% physical progress on the Southern Ayodhya Bypass project. Project Milestone II was completed 92 days ahead of schedule as of May 7, 2026.
Achieving project milestones ahead of schedule can positively impact project timelines and financial performance, suggesting good project execution capabilities.
The announcement highlights the early completion of a project milestone, which is a positive development for the company.
Ceigall India Limited announced on May 13, 2026, that its subsidiary, Ceigall Ayodhya Bypass Private Limited, has achieved a significant milestone in the "Construction of 4/6 Lane Southern Ayodhya Bypass" project. The project, which is being executed on a Hybrid Annuity Model (HAM) basis in Uttar Pradesh, has reached 35.00% physical progress as of May 7, 2026.
This achievement means that Project Milestone II under Schedule G of the Concession Agreement has been successfully completed 92 days ahead of its scheduled date. This update follows a previous communication on December 31, 2025, and is in accordance with SEBI regulations.
The company has also made this information available on its corporate website, www.ceigall.com.
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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.