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The infrastructure order that Ceigall India has been awarded is valued at more than Rs 1,000 crore, boosting its presence in the highway and road development business in India.
The Madhya Pradesh Road Development Corporation Ltd (MPRDC) has awarded the project, and it will be a major addition to the greenfield road infrastructure pipeline in the state.
Ceigall Infra Projects Private Ltd, a wholly owned subsidiary of the company, received the order by a Letter of Award (LoA) to construct the Indore and Ujjain Greenfield (Access Controlled) four-lane highway.
The project will be implemented in the Hybrid Annuity Model (HAM) and will require a maximum of 24 months to be completed.
Ramneek Sehgal, Chairman and Managing Director, Ceigall India, said, "The Indore-Ujjain Greenfield Highway is a strategically important infrastructure project for Madhya Pradesh. We look forward to delivering this project with a focus on safety, durability and timely execution."
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It is estimated that the project will enhance the efficiency of the logistics and diminish the travel time, and aid in the economic activity of central Madhya Pradesh. It is also in line with the overall effort in India to extend the access-controlled highways and bridge the infrastructure of the regions with models of public-private partnerships.
Ceigall India is an engineering, procurement and construction firm that has proficiency in highways, expressways, bridges, flyovers, tunnels, railway overbridges and runways. This new order also strengthens the increasing presence of the company in the development of infrastructure and the road construction industry in India.
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