The lowest bidder for the ₹1,809 cr MP road project is Ceigall India, whose shares are up 4%.

Following the company's announcement that its wholly owned subsidiary, Ceigall Infra Projects Pvt. Ltd., was the lowest bidder for a ₹1,809-crore road improvement project in Madhya Pradesh, Ceigall India Ltd.'s shares increased 4% on Friday. The company won the financial bid opening for the 48.1-kilometer Indore–Ujjain greenfield four-lane highway project, which was awarded by the Madhya Pradesh Road Development Corporation Ltd., according to the exchange filing. The project has a 24-month deadline and will be carried out using the Hybrid Annuity Model (HAM). According to the information in the file, the bid cost is ₹1,089 crore.