Ceigall India Receives Appointed Dates For Three HAM Highway Projects

15 Jul 2026 CW Team

The first project, Varanasi-Ranchi-Kolkata Greenfield Highway Package 11, involves construction of a six-lane access-controlled greenfield highway between Donoreshan village and Bongabar village in Jharkhand and carries a project value of Rs 16,560 mn. The second, Package 12 of the same corridor, covers the stretch from Bongabar village to Lepo village and is valued at Rs 13,050 mn. Both packages are part of the Bharatmala Pariyojana implemented on the HAM framework.

The third project is the Indore-Ujjain Greenfield Highway in Madhya Pradesh, a four-lane access-controlled link between Indore and Ujjain with a value of Rs 10,890 mn. The two Jharkhand packages form part of the Varanasi-Ranchi-Kolkata Greenfield Corridor while the Indore-Ujjain project is expected to strengthen regional connectivity and improve travel efficiency in Madhya Pradesh. Appointed dates permit developers to mobilise resources, finalise contractors and begin execution on-site.

Ceigall said the appointed dates allow construction to begin and that its execution pipeline provides revenue visibility. The Ludhiana-based firm reported an order book of Rs 113,320 mn and is targeting fresh order inflows of Rs 60,000 mn in 2026-27, having bid for projects worth over Rs 160,000 mn. The company is pursuing monetisation of three road assets and has signed an agreement to sell the Malout-Balluana-Sadhuwali project in Punjab to Neo Infra Fund for about Rs 1,770 mn. It said the Bathinda-Dabwali transaction is expected to be completed next month while the Jalbehra-Shahbad sale is anticipated within six months.

Shares of Ceigall India Ltd ended at Rs 380.55, up by Rs 22.20, or 6.20 per cent on the BSE. The company had earlier indicated expected revenue growth of at least 15 per cent in FY27 supported by a strong execution pipeline and a record order book.

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Ceigall India Ltd has received appointed dates for three Hybrid Annuity Mode highway projects with a combined project value of Rs 40,500 million (mn), allowing construction activities to commence in Jharkhand and Madhya Pradesh. The respective project authorities declared six July 2026 as the appointed date for all three projects. The first project, Varanasi-Ranchi-Kolkata Greenfield Highway Package 11, involves construction of a six-lane access-controlled greenfield highway between Donoreshan village and Bongabar village in Jharkhand and carries a project value of Rs 16,560 mn. The second, Package 12 of the same corridor, covers the stretch from Bongabar village to Lepo village and is valued at Rs 13,050 mn. Both packages are part of the Bharatmala Pariyojana implemented on the HAM framework. The third project is the Indore-Ujjain Greenfield Highway in Madhya Pradesh, a four-lane access-controlled link between Indore and Ujjain with a value of Rs 10,890 mn. The two Jharkhand packages form part of the Varanasi-Ranchi-Kolkata Greenfield Corridor while the Indore-Ujjain project is expected to strengthen regional connectivity and improve travel efficiency in Madhya Pradesh. Appointed dates permit developers to mobilise resources, finalise contractors and begin execution on-site. Ceigall said the appointed dates allow construction to begin and that its execution pipeline provides revenue visibility. The Ludhiana-based firm reported an order book of Rs 113,320 mn and is targeting fresh order inflows of Rs 60,000 mn in 2026-27, having bid for projects worth over Rs 160,000 mn. The company is pursuing monetisation of three road assets and has signed an agreement to sell the Malout-Balluana-Sadhuwali project in Punjab to Neo Infra Fund for about Rs 1,770 mn. It said the Bathinda-Dabwali transaction is expected to be completed next month while the Jalbehra-Shahbad sale is anticipated within six months. Shares of Ceigall India Ltd ended at Rs 380.55, up by Rs 22.20, or 6.20 per cent on the BSE. The company had earlier indicated expected revenue growth of at least 15 per cent in FY27 supported by a strong execution pipeline and a record order book.

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