Ceigall India Limited has informed the Exchange about General Updates
CEIGALL · price
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Ceigall India has informed exchanges that its subsidiary Ceigall Ayodhya Bypass Private Limited has achieved Milestone I under Schedule G of the Concession Agreement for the construction of a 4/6 Lane Southern Ayodhya Bypass in Uttar Pradesh. The project spans 32.172 km on the Hybrid Annuity Model (HAM) under NHDP Phase-VII. The Independent Engineer has certified physical progress of 20.09% as of December 29, 2025. This is a continuation of an earlier update from March 28, 2025, indicating steady execution of the project.
This is a positive operational update showing the company is on track with project execution, which supports revenue recognition under the HAM model. However, it is a routine milestone update and not a new order win or guidance revision, so direct stock price impact is likely limited.