The respective project authorities have declared July 6, 2026 as the appointed date for all three projects.
The projects include the Varanasi-Ranchi-Kolkata Greenfield Highway Package 11, involving the construction of a six-lane access-controlled greenfield highway from Donoreshan village to Bongabar village in Jharkhand under the Bharatmala Pariyojana on the Hybrid Annuity Mode (HAM) basis. The project value is ₹1,656 crore.
ALSO READ | Ceigall India bags order worth ₹1,700 crore from Rewa Ultra Mega Solar in Madhya Pradesh
The company will also execute Varanasi-Ranchi-Kolkata Greenfield Highway Package 12, which involves construction of a six-lane greenfield highway from Bongabar village to Lepo village in Jharkhand. The project has a value of ₹1,305 crore and is also under the HAM model.
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. The project value is ₹1,089 crore.
The two Jharkhand packages form part of the Varanasi-Ranchi-Kolkata Greenfield Corridor under the Bharatmala Pariyojana, while the Indore-Ujjain project is expected to strengthen regional connectivity and improve travel efficiency in Madhya Pradesh.
ALSO READ |
Ceigall India bags ₹331 crore Delhi road project as lowest bidder
Ceigall India said the appointed dates allow construction activities to begin for the three strategic highway projects.
What is Appointed Date?
In highway infrastructure contracts, the “Appointed Date” is the official, legally binding start date of a construction project. On this exact day, 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 said in an interview with CNBC-TV18 that Ceigall India expects revenue to grow by at least 15% in the financial year 2026-27 (FY27), supported by a strong execution pipeline and a record order book. He added that the company’s existing projects provide revenue visibility for the next three to four years.
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 said the company has also bid for projects worth more than ₹16,000 crore.
ALSO READ | Ceigall India Q4 Results: Profit jumps 71%; order book swells to ₹18,554 crore
Alongside growth plans, Ceigall India is pursuing the monetisation of three road assets. The company has 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.
Shares of Ceigall India Ltd ended at ₹380.55, up by ₹22.20, or 6.20%, on the BSE.
(Edited by : Jomy Jos Pullokaran)
First Published: Jul 7, 2026 8:39 PM IST
