Appointed date declared for Indore-Ujjain HAM highway project worth Rs 1,089 Cr

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Nifty Microcap 250market · in no size index; the smallest one is used-0.7%+6.7% vs market

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AI summary

Ceigall India informed that Madhya Pradesh Road Development Corporation has declared 6 July 2026 as the Appointed Date for the Indore-Ujjain Greenfield 4-lane highway project (48.10 km) executed by subsidiary Ceigall Indore Ujjain Greenfield Highway Ltd. The project is valued at Rs 1,089 crore and is being built on Hybrid Annuity Mode (HAM). This follows the earlier award letter dated 13 January 2026 and formally starts the project execution and concession period.

Likely market impact

Project execution and revenue recognition can now begin, providing visibility on construction income and future annuity receipts from the sizeable Rs 1,089 Cr order.