Ceigall India Ltd

Ceigall India Ltd announced the resignation of Mr. Akshay Jain, Vice President (Strategy & Planning) and Senior Management Personnel. His resignation is effective from the close of business hours on July 31, 2026, due to personal reasons. The company has submitted the necessary disclosures as per SEBI Listing Regulations and placed the information on its website.

Ceigall India Limited's Management Committee has approved the creation of security for a Rupee Term Loan facility for its wholly-owned subsidiary, Velgaon Power Transmission Limited (Project SPV). The subsidiary will use the loan for project financing. Additionally, the committee approved further investment in the Project SPV through equity and loans to meet fund requirements. Velgaon Power Transmission Limited is involved in the 'Establishment of 400/220 kV Velgaon Substation (GIS) through Tariff based Competitive Bidding (TBCB) Process'. The company is required to infuse ₹109.19 crore into the project SPV.

Ceigall India Limited (CIL), in a joint venture with Sushee Infra & Mining Limited (SIML) with a 74% stake, has been declared the L1 bidder for a significant road construction project by the Ministry of Road Transport and Highways. The tender, valued at ₹704.70 Crore (excluding GST), involves the construction of a road from km 85.60 to km 168.00 of the Lada-Sarli section of NH-913 in Arunachal Pradesh. The project is to be executed on an Engineering Procurement Construction (EPC) mode and includes a 48-month construction period followed by a 5-year maintenance period. This development marks a substantial new contract for Ceigall India.

Ceigall India Limited has received the Appointed Date of July 6, 2026, for three Hybrid Annuity Mode (HAM) highway projects. These projects, with a combined value of ₹4,050 crore, include the Indore-Ujjain Greenfield Highway (₹1,089 crore) and two packages of the Varanasi-Ranchi-Kolkata Greenfield Highway (₹1,656 crore and ₹1,305 crore). The declaration of the Appointed Date allows for the commencement of construction activities, strengthening Ceigall India's execution pipeline and reinforcing its position in India's infrastructure development sector. The company's Chairman & Managing Director highlighted the milestone as a testament to their execution capabilities and a boost to their order book, aligning with the nation's infrastructure development goals.

Ceigall India Ltd's subsidiary, Ceigall VRK 12 Private Limited, has received the Appointed Date of July 6, 2026, from the National Highways Authority of India (NHAI) for the construction of a 6-lane Greenfield highway. The project, part of the Bharatmala Pariyojana in Jharkhand, involves the construction of the Varanasi-Ranchi-Kolkata Highway from km 325.500 to km 358.500. The project cost is ₹1,305.00 Crores and is being executed on a Hybrid Annuity Mode (HAM). This development is a significant step for the subsidiary and aligns with the company's broader infrastructure development goals.

Ceigall India Ltd's subsidiary, Ceigall VRK 11 Private Limited, has received the Appointed Date of July 6, 2026, from the National Highways Authority of India (NHAI) for the construction of a 6-lane Greenfield expressway. The project, valued at ₹1,656 crore, is part of the Bharatmala Pariyojana in Jharkhand and is being executed on a Hybrid Annuity Mode (HAM). This development marks a significant step forward for the project, which was previously in the process of awaiting the appointed date. The project involves constructing a section of the Varanasi-Ranchi-Kolkata Highway.

Ceigall India Ltd announced that its subsidiary, Ceigall Indore Ujjain Greenfield Highway Limited, has received notification from Madhya Pradesh Road Development Corporation Ltd. The Appointed Date for the "Construction of Indore Ujjain Green field (Access Control) 4 lane with paved shoulder project highway" has been declared as July 06, 2026. This project involves a highway of 48.10 Km length and has a bid project cost of ₹1089.00 Cr. The project is being undertaken on a Hybrid Annuity Mode (HAM). This update follows previous communications regarding the project.

Ceigall India Limited (CIL) has been declared the L1 bidder for a tender floated by the Public Works Department, Government of Delhi. The tender, with an estimated cost of ₹256.46 Crores, is for strengthening and other works of various roads under the South Maintenance Zone for the period 2026-27. CIL's bid stands at ₹330.84 Crores, including GST, which is approximately 29% above the estimated cost. The contract is an Item Rate Contract with a construction period of 375 days, followed by a 12-month defect liability period and a 48-month free maintenance period.

Ceigall India Limited, through its subsidiary Ceigall Morena Solar BESS Park Limited, has signed a Power Purchase Agreement (PPA) with Rewa Ultra Mega Solar Limited for a 220 MW Solar and Battery Energy Storage System (BESS) project in Morena, Madhya Pradesh. The project, valued at approximately ₹1,700 crore, includes an 18-month construction period and a 25-year operational phase with a discovered tariff of ₹2.70 per kWh. This marks a significant step in Ceigall India's diversification into clean energy, complementing its existing infrastructure portfolio and contributing to India's sustainable energy transition. The company also announced strengthening its governance with new board appointments.

Ceigall Morena Solar BESS Park Limited, a wholly-owned subsidiary of Ceigall India Limited, has executed a Power Purchase Agreement (PPA) with Rewa Ultra Mega Solar Limited. The agreement is for a 220 MW solar and Battery Energy Storage Systems (BESS) project located in Morena, Madhya Pradesh. The PPA has a tariff of Rs. 2.70/kWh, with an approximate project value of Rs. 1,700 Crores (including GST). The project has an 18-month construction period and a 25-year operational period. This marks a significant development for the company's renewable energy portfolio.