Ceigall India Bags ₹1,089 Cr MP Highway Project; Shares in Focus

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CNBC TV18•29-12-2025, 08:24
Ceigall India Bags ₹1,089 Cr MP Highway Project; Shares in Focus
- •Ceigall India's subsidiary, Ceigall Infra Projects, secured a ₹1,089 crore highway project in Madhya Pradesh.
- •The project involves constructing the 48.10 km 'Indore Ujjain Greenfield' 4-lane highway on Hybrid Annuity Mode (HAM).
- •Awarded by Madhya Pradesh Road Development Corporation Ltd., the project is to be completed in 24 months.
- •Ceigall India has surpassed its FY26 order inflow target, with its total order book now at ₹14,237 crore.
- •Company shares were up 3.2% last Friday, despite being down 24% in 2025.
Why It Matters: Ceigall India secures a major ₹1,089 crore highway project in MP, boosting its order book.
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