Ceigall India subsidiary secures appointed date for ₹1089cr highway project

Ceigall India Limited’s subsidiary, Ceigall Indore Ujjain Greenfield Highway Limited, has received the appointed date of July 6, 2026, for the construction of the Indore Ujjain Greenfield Highway project. The Madhya Pradesh Road Development Corporation Ltd. communicated this development via a letter dated July 6, 2026, marking the formal commencement timeline for the infrastructure initiative valued at a bid project cost of ₹1089.00 crore.

The project entails the construction of a 48.10 km access-controlled four-lane highway with paved shoulders. It stretches from Km. 0.000 near Pitra Parvat to Km. 48.100 on the Simhastha bypass. The execution will be undertaken under the Hybrid Annuity Mode (HAM), a public-private partnership model frequently utilized for highway development.

Project Details

Project	Bid Project Cost (INR in Cr.)	Mode	Appointed Date
Construction of Indore Ujjain Green field (Access Control) 4 lane with paved shoulder project highway (length 48.10 Km.) Starting from Km. 0.000 near Pitra Parvat and terminating at Km. 48.100 (Simhastha bypass km 2.600) on Hybrid Annuity Mode (HAM)	1089.00	Hybrid Annuity Mode (HAM)	06-07-2026

The intimation was submitted to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows an earlier letter dated January 13, 2026, regarding the project status.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.40%	-6.56%	+4.49%	+34.02%	+34.37%	-5.33%

Ceigall India Ltd's subsidiary, Ceigall VRK 11 Private Limited, has received the appointed date of July 6, 2026, for a highway project in Jharkhand valued at ₹1,656 crore. The declaration by the National Highways Authority of India (NHAI) enables the commencement of construction for the 6-lane greenfield stretch under the Bharatmala Pariyojana, strengthening the company's execution pipeline.

The appointed date was communicated to the stock exchanges on July 7, 2026. The project involves the construction of the Varanasi-Ranchi-Kolkata Highway from km 288.600 to km 325.500. This milestone triggers the start of the concession period and project obligations for this strategic infrastructure development.

Project Details

The project will be executed on a Hybrid Annuity Mode (HAM) basis. The total length of the expressway is approximately 221.40 lane km.

Project	Location	Value
Varanasi-Ranchi-Kolkata Highway (Package 11)	Donoreshan to Bongabar village (Jharkhand)	₹1,656 crore

The financing arrangement for this package includes a contribution from NHAI of ₹7,816.40 million and a term loan from the State Bank of India amounting to ₹8,389.50 million. The project was awarded on March 31, 2023, with a construction period of 730 days from the appointed date and an operations and maintenance period of 15 years.