Appointed Date declared for Indore-Ujjain highway project worth Rs. 1,089 Cr

Govt Defence OrderBusiness Updates View source PDF Explain this filing

CEIGALL · price

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Price reactionminutes from the announcement price · days from the prior close

+6.0%Reaction day

₹358.50

prior close

₹364.35

announcement price

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

Civil Construction peers, median of 99sector-1.2%+7.2% vs sector

On the reaction day the stock moved 6.7 pts more than Nifty Microcap 250 and 7.2 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 99Pending

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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.