Ceigall India Limited on Saturday said its wholly owned subsidiary, Ceigall Infra Projects Private Limited, has received a Letter of Award (LoA) from Madhya Pradesh Road Development Corporation Limited (MPRDC) for a major road infrastructure project in the state.
The project involves the construction of a greenfield, access-controlled four-lane highway with paved shoulders between Indore and Ujjain, spanning a total length of 48.10 kilometres. The highway will start near Pitra Parvat (Km 0.000) and terminate at Km 48.100 near the Simhastha bypass (Km 2.600).
According to the regulatory filing made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the project will be executed under the Hybrid Annuity Model (HAM).
Key project details
- Awarding Authority: Madhya Pradesh Road Development Corporation Limited
- Project Type: Greenfield access-controlled 4-lane highway
- Length: 48.10 km
- Execution Mode: Hybrid Annuity Mode (HAM)
- Bid Project Cost: ₹1,089 crore
- Execution Period: 24 months from the date of appointment
- Nature of Contract: Domestic
The company clarified that neither the promoter nor promoter group entities have any interest in the awarding authority, and the contract does not fall under related party transactions.
