Ceigall India Share Price Surges; Subsidiary Emerges as L-1 Bidder for ₹1,089 Crore Project

Ceigall Infra Projects Private Limited, a wholly owned subsidiary of Ceigall India Limited, has been awarded the status of L1 bidder for the construction of the Indore-Ujjain Greenfield highway project.  

The project, valued at ₹1,089 crore, is a significant development under the Hybrid Annuity Mode (HAM) by the Madhya Pradesh Road Development Corporation (MPRDC). 

Details of the Indore-Ujjain Highway Project 

The Indore-Ujjain Greenfield highway project involves the construction of a 48.10 km long four-lane access-controlled highway with a paved shoulder. The highway will start from Km 0.000 near Pitra Parvat and terminate at Km 48.100 (Simhastha Bypass km 2.600).  

This project has been awarded under the Hybrid Annuity Mode (HAM), which combines both government and private sector investments in the development process. 

With a total bid cost of ₹1,089 crore, the project is slated for completion within 24 months from the date of appointment. The substantial investment in this project demonstrates Ceigall Infra's capabilities in handling large-scale infrastructure projects in India. 

Domestic Focus and No Related Party Transactions 

The project has been awarded by a domestic entity, Madhya Pradesh Road Development Corporation Limited. There are no related party transactions involved in this contract, and the promoter group holds no interest in the awarding entity, confirming the transparency of the deal. 

Read More: Dilip Buildcon Share Price Surges; Emerges as L-1 Bidder for ₹5,000 Crore NALCO Tender! 

Ceigall India Share Price Performance    

As of November 28, 2025, at 2:06 PM, Ceigall India share price on NSE was trading at ₹245.80 up by 4.31% from the previous closing price. 

Conclusion 

Ceigall Infra's successful bid for the ₹1,089 crore Indore-Ujjain Greenfield highway project underscores its strong position in the Indian infrastructure sector. The 48.10 km highway project is a key milestone in the company's growth strategy and reflects its ability to deliver large-scale projects within a defined timeline. 

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