Ceigall India subsidiary awarded ₹1089 Crore HAM highway project in Madhya Pradesh
Ceigall India's subsidiary received a ₹1089 Crore Letter of Award for a 48.10 Km highway project in Madhya Pradesh. The project will be executed on a Hybrid Annuity Mode (HAM) and is expected to take 24 months to complete.
The value of the contract (₹1089 Crores) is substantial and is expected to have a significant positive impact on the company's revenue and future performance.
The company has secured a significant new order worth ₹1089 Crores, which is a positive development for its business growth.
Ceigall India Limited's wholly owned subsidiary, Ceigall Infra Projects Private Limited, has received a Letter of Award (LOA) dated 27th December 2025 from Madhya Pradesh Road Development Corporation Limited. The contract is for the construction of the Indore Ujjain Green field (Access Control) 4-lane highway project, spanning 48.10 Km. The project, which starts from Km. 0.000 near Pitra Parvat and terminates at Km. 48.100 (Simhastha bypass km 2.600), will be executed on a Hybrid Annuity Mode (HAM).
The total bid project cost for this significant contract is ₹1089.00 Crores. The execution period for the project is stipulated as 24 months from the date of appointment. This award is considered a domestic contract awarded by a domestic entity, and neither the promoter nor group companies have any interest in the awarding entity. The transaction does not fall under related party transactions.
This intimation follows up on an earlier letter dated 28th November 2025. The announcement was made on 28th December 2025, and the details are also available on the company's website, www.ceigall.com.
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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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