Ceigall India Limited — Important, 05-05-2025: General Updates

CEIGALL Southern Ludhiana Bypass Pvt Ltd, a CEIGALL India subsidiary, has announced a board meeting on executing a Concession Agreement for a 6-lane greenfield bypass on the Ludhiana-Ajmer Economic Corridor. The hybrid annuity project is valued at INR 923 Cr with an estimated cost of INR 865 Cr and a 24-month completion timeline. This adds a significant infrastructure asset to CEIGALL's portfolio, offering steady revenue visibility during the concession period.