Ceigall India Share Price Jumps Over 3% as its Subsidiary Secures ₹1,089 Crore HAM Highway Project

Ceigall India Limited has strengthened its infrastructure order book after its wholly owned subsidiary secured a new road construction project in Madhya Pradesh, adding a major highway development to its portfolio. 

Project Award and Scope 

Ceigall Infra Projects Private Limited, a wholly owned subsidiary of Ceigall India Limited, has received a Letter of Award from Madhya Pradesh Road Development Corporation Limited for the construction of the Indore–Ujjain greenfield access-controlled highway. 

The project involves building a 4-lane road with paved shoulders over a total length of 48.10 km, starting near Pitra Parvat at Km 0.000 and ending at Km 48.100 near the Simhastha bypass. 

Project Cost and Timeline 

The bid project cost for the highway stands at ₹1,089 crore. The project will be executed under the Hybrid Annuity Mode and is scheduled to be completed within 24 months from the date of appointment. 

About Ceigall India 

Ceigall India Limited operates in the road and infrastructure development segment through its subsidiaries, undertaking highway construction and related projects across multiple regions in India. 

Read More: KNR Constructions Share Price Rises 5% As Company Plans Exit From 4 Highway SPVs! 

Ceigall India Share Price Performance  

As of December 29, 2025, at 9:36 AM, Ceigall India Limited share price is trading at ₹270.19 per share, reflecting a gain of 3.96% from the previous closing price.  

Conclusion 

With the award of the Indore–Ujjain highway project, Ceigall India Limited continues to expand its presence in large-scale road infrastructure, adding a significant ₹1,089 crore project to its ongoing execution pipeline. 

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