Announced Tue, 7 Jul · 11:00 IST
Appointed Date declared for Indore-Ujjain highway project worth Rs. 1,089 Cr
CEIGALL · price
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Price reaction · full curve 14 horizons · vs prior close
+2.7%1-day move
₹358.50
prior close
₹364.35
base price
In-mkt
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AI summary
Madhya Pradesh Road Development Corporation has declared 06 July 2026 as the Appointed Date for Ceigall's Indore-Ujjain Greenfield 4-lane highway project. The 48.10 km project, valued at Rs. 1,089 Crore, will be executed under Hybrid Annuity Mode through subsidiary Ceigall Indore Ujjain Greenfield Highway Limited. Construction can now formally begin.
Likely market impact
Formal construction starts now, enabling revenue recognition and strengthening order book visibility for the company.