Ceigall India Limited has informed the Exchange about Receipt of Completion Certificate for HAM project
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Awaiting price reaction for this filing.
Ceigall India has received the Completion Certificate from the relevant authority for one of its Hybrid Annuity Mode (HAM) infrastructure projects. HAM projects are typically road/highway projects awarded by government bodies where the company builds the project and receives a mix of construction payments and annuity inflows over time. Receiving the completion certificate officially closes the construction phase, allowing the company to claim the remaining construction payment and start receiving annuity payments. The exact project value and counterparty (likely NHAI or a state authority) have not been disclosed in this update.
This is a positive operational milestone — it removes execution risk on this project and paves the way for backlog of dues and recurring annuity income to flow in, which should support revenue and cash flows in upcoming quarters.