Ceigall India Limited has informed the Exchange about Intimation of declaration of Provisional Appointed Date for the Project.
CEIGALL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ceigall India's subsidiary, Ceigall Southern Ludhiana Bypass Private Limited, has received a Provisional Appointed Date of 7 March 2026 from the National Highways Authority of India (NHAI) for a 6-lane Greenfield Southern Ludhiana Bypass project in Punjab. The project involves a 25.24 km stretch as part of the Ludhiana-Ajmer Economic Corridor, with a total project cost of INR 923 crore. It will be executed on a Hybrid Annuity Mode (HAM) basis with a 24-month concession period. This follows the company's earlier letter dated 23 October 2025 regarding the same project.
The appointed date is a key milestone that allows Ceigall to begin construction and start recognising revenue from this INR 923 crore NHAI project, which is positive for order book execution and future earnings visibility.