Shares of Ceigall India Limited surged over 4% after the company announced a significant new order win, strengthening investor confidence in its expanding infrastructure portfolio. The rally followed the disclosure that its wholly owned subsidiary, Ceigall Infra Projects Private Limited, has received a Letter of Award (LOA) from Madhya Pradesh Road Development Corporation Limited (MPRDC).
The awarded contract involves the construction of the Indore–Ujjain Greenfield (access-controlled) four-lane highway with paved shoulders under the Hybrid Annuity Mode (HAM). This project marks another major milestone for Ceigall India as it continues to scale up its presence in large-scale road infrastructure development.
The project scope covers the development of a 48.10-kilometre-long access-controlled greenfield highway, starting near Pitra Parvat at Km 0.000 and terminating at Km 48.100. It also includes the strategically important Simhastha bypass at Km 2.600. Once completed, the highway is expected to significantly enhance connectivity between Indore and Ujjain, two of Madhya Pradesh’s most prominent economic and religious centres.
The highway project has been awarded at a bid project cost of ₹1,089 crore and is scheduled for completion within 24 months from the date of appointment. Under the HAM framework, Ceigall Infra Projects will be responsible for executing the construction works in line with prescribed standards, focusing on quality, durability, and timely delivery.
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