What is the new project SPV Ceigall India has approved?

Ceigall India has approved the incorporation of Ceigall Indore Ujjain Greenfield Highway as a subsidiary.

Which highway project will the new SPV implement?

The SPV will implement the Indore Ujjain Greenfield (Access Control) 4 lane highway project in Madhya Pradesh.

Who awarded the Indore Ujjain Greenfield Highway project?

The project was awarded by the Madhya Pradesh Road Development Corporation.

Home / Business and Economy / Ceigall India Forms New Subsidiary for Highway Project

Ceigall India Forms New Subsidiary for Highway Project

13 Jan

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Summary

Ceigall India approved a new subsidiary on January 13, 2026.
The new SPV will build the Indore-Ujjain Greenfield Highway.
The project is awarded by Madhya Pradesh Road Development Corporation.

Ceigall India Forms New Subsidiary for Highway Project

On January 13, 2026, Ceigall India's board approved the formation of a new subsidiary, Ceigall Indore Ujjain Greenfield Highway. This SPV is established to undertake the construction of the Indore Ujjain Greenfield Highway project, which spans 48.10 kilometers. The project was awarded to the company by the Madhya Pradesh Road Development Corporation.

The new highway will be a four-lane access-controlled road with paved shoulders. It is set to begin near Pitra Parvat at kilometer 0.000 and terminate at kilometer 48.100, including a 2.600 km section of the Simhastha bypass. The construction will follow the Hybrid Annuity Mode (HAM) model.

This strategic move by Ceigall India signifies its commitment to infrastructure development in the region. The incorporation of a dedicated SPV is a standard practice for implementing large-scale projects, ensuring focused management and execution of the highway construction.