Ceigall India Limited — Important, 28-03-2025: General Updates

Ceigall India Limited's subsidiary, Ceigall Ayodhya Bypass Private Limited, has announced the appointed date of 28th March 2025 for a significant highway construction project in Uttar Pradesh. This project involves the construction of a 32.172 km bypass at a projected cost of ₹1,299.20 crore, with a hybrid annuity model. The anticipated construction period is approximately 912 days, followed by a 15-year maintenance phase.

This development could enhance the company's operational capabilities and revenue streams, as successful project execution may lead to increased investor confidence and a positive outlook on future growth opportunities.