Infrastructure company Ceigall India Ltd announced that it has received the appointed dates for three Hybrid Annuity Mode (HAM) highway projects with a combined value of ₹4,050 crore. According to the latest regulatory filing submitted to the National Stock Exchange of India (NSE), the respective project authorities have declared July 6, 2026 as the appointed date for all three projects, enabling the commencement of construction activities across road infrastructure projects in Jharkhand and Madhya Pradesh. This milestone marks a significant achievement in the company's infrastructure portfolio and positions Ceigall India to further its impact on India's infrastructure landscape.
The company will execute the Varanasi-Ranchi-Kolkata Greenfield Highway Package 11, involving construction of a six-lane access-controlled greenfield highway from Donoreshan village to Bongabar village in Jharkhand under the Bharatmala Pariyojana. This project has a value of ₹1,656 crore and operates on the HAM basis. Additionally, Ceigall India will execute the Varanasi-Ranchi-Kolkata Greenfield Highway Package 12, which involves construction of a six-lane greenfield highway from Bongabar village to Lepo village in Jharkhand, with a project value of ₹1,305 crore. The third project is the Indore-Ujjain Greenfield Highway in Madhya Pradesh, involving construction of a four-lane access-controlled greenfield highway connecting Indore and Ujjain, valued at ₹1,089 crore.
The two Jharkhand packages form part of the Varanasi-Ranchi-Kolkata Greenfield Corridor under the Bharatmala Pariyojana, while the third project is the Indore-Ujjain Greenfield Highway in Madhya Pradesh. According to the latest regulatory filing, these developments reinforce Ceigall India's role in advancing India's road infrastructure. Chairman & Managing Director Ramneek Sehgal highlighted the importance of these projects in the company's growth trajectory and emphasised the company's commitment to timely execution and engineering excellence. The appointed date serves as the official, legally binding start date when the government authority hands over the site to the developer, officially beginning the project's construction period.
Last month, Chairman and Managing Director Ramneek Sehgal told CNBC-TV18 that Ceigall India expects revenue to grow by at least 15% in FY27, supported by a strong execution pipeline and a record order book. The Ludhiana-based infrastructure construction and engineering company reported an order book of ₹11,332 crore and is targeting fresh order inflows of ₹6,000 crore during 2026-27. Sehgal added that the company has also bid for projects worth more than ₹16,000 crore.
Shares of Ceigall India Ltd ended at ₹380.55, up by ₹22.20, or 6.20%, on the BSE following the announcement. The company is also pursuing the monetisation of three road assets, having signed a definitive agreement to sell the Malout-Balluana-Sadhuwali project in Punjab to Neo Infra Fund for about ₹177 crore. It also plans to complete the signing of the Bathinda-Dabwali transaction next month, while the Jalbehra-Shahbad asset sale is expected within six months.
