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Ceigall India Wins Major ₹1,089 Crore Highway Project in Madhya Pradesh

Ceigall India Wins Major ₹1,089 Crore Highway Project in Madhya Pradesh Ceigall India Wins Major ₹1,089 Crore Highway Project in Madhya Pradesh

Highway construction continues to be one of India’s most active infrastructure sectors, with large contracts awarded under models like HAM, BOT, and TOT. One of the latest developments comes from Ceigall Infra Projects Pvt. Ltd., a wholly owned subsidiary of Ceigall India Limited.

Ceigall Emerges as L1 Bidder for Indore–Ujjain Greenfield Highway

Ceigall Infra has secured the position of L1 (lowest) bidder for a significant project awarded by the Madhya Pradesh Road Development Corporation Limited (MPRDC). The win marks a major milestone for the company in the state’s growing road development ecosystem.

Key Details of the Project

  • Project: Construction of the Indore–Ujjain Greenfield Access-Controlled 4-Lane Highway with paved shoulders

  • Length: 48.10 km, stretching from Pitra Parvat (Km 0.000) to the Simhastha Bypass (Km 48.100)

  • Project Cost: ₹1,089 crore

  • Execution Time: 24 months from the date of appointment

  • Contract Model: Hybrid Annuity Mode (HAM)

  • Awarded By: Domestic entity — Madhya Pradesh Road Development Corporation Ltd.

Understanding the Contract Model

India’s road infrastructure projects are usually executed under well-defined models such as:

  • HAM (Hybrid Annuity Mode)

  • BOT (Build-Operate-Transfer)

  • TOT (Toll-Operate-Transfer)

In this case, the project follows the HAM model, which blends EPC and annuity-based payments, reducing financial risk for both the government and the contractor.

Regulatory and Disclosure Notes

The company confirmed that this project awarded:

  • Is not a related-party transaction

  • Has no involvement from the promoter or promoter group of Ceigall India in the awarding authority

Source:Source: NSE Corporate Filing dated 28-11-2025

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