Ceigall India Share Price Surges Over 2% on ₹1,199.30 Crore NHAI Project Order

Ceigall India Limited has announced that its subsidiary, Ceigall Northern Ayodhya Bypass Private Limited, has received orders worth ₹1,199.30 crores. This milestone was communicated through a letter from the National Highways Authority of India (NHAI) dated July 1, 2025. The project will officially commence on July 9, 2025.

A Key Infrastructure Push in Uttar Pradesh

The project involves the construction of a 4/6 Lane Northern Ayodhya Bypass total length of 35.40 km. Part-1 north of NH-27, from km 0+000 to km 30+400 (Starting near existing km 112+540, ending at km 139+928 of NH-27) and Part-2 south of NH-27 from km 0+000 to km 5+000 of total length 35.400 on HAM basis under NHDP Phase V-II in the State of Uttar Pradesh. 

Regulatory and Operational Assurance from NHAI

As per the letter from the NHAI Project Implementation Unit, Ayodhya, the Appointed Date was declared in accordance with clauses 4.1.2, 4.1.3, and 10.3 of the Concession Agreement, following the signing of the joint memorandum between the Authority and the Concessionaire on June 25, 2025.

Navratan, Project Director, stated in the official notice, "As regards maintenance of the highway, proper care shall be taken and traffic worthiness and safety shall be ensured at all times as per the provisions of the Concession Agreement by the Concessionaire from the Appointed Date."

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Ceigall India Share Price Performance

As of July 02, 2025, at 11:10 AM, Ceigall India share price is trading at ₹278.55 per share, a surge of  2.60%. 

Conclusion

The declaration of the Appointed Date marks a significant step in the execution of the Ayodhya Bypass project, enhancing regional infrastructure and connectivity. Ceigall India Limited has confirmed this update on its official website and notified stock exchanges accordingly. The company is now poised to commence work, adhering to all compliance and safety protocols outlined in the concession terms.

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