Ceigall-JSPPPL JV Secures ₹509.20 Crore LOA from GMADA for Development of Mohali Township

Ceigall India Limited, one of India's fastest-growing EPC companies, has announced that its joint venture with JSP Projects Pvt. Ltd. (CIL holding 80% and JSPPPL 20%) has received a Letter of Award (LOA) from the Greater Mohali Area Development Authority (GMADA) for a prestigious infrastructure development project.

The contract, valued at ₹509.20 crore, covers the construction of internal roads and associated civil, public health, and electrical works in Pocket B, C & D of Aerotropolis, S.A.S Nagar in Mohali, Punjab. The project is to be executed within 24 months under an item-rate contract.

Commenting on the development, Ramneek Sehgal, Chairman & Managing Director of Ceigall India Limited, said, "Receiving this LoA from GMADA marks an important milestone for Ceigall and underscores the trust placed in our execution capabilities. The Aerotropolis project is a transformative urban initiative, and we are proud to contribute to building resilient infrastructure that will support connectivity, growth, and sustainable urban development in the region. Through our JV with JSPPPL, we are committed to delivering this project with efficiency, innovation, and uncompromising quality."

This LOA win highlights Ceigall India Limited's growing presence in urban infrastructure development and reflects the company's ability to secure and execute large-scale, high-value projects. It also strengthens Ceigall's footprint in North India's infrastructure landscape, reinforcing its reputation as a trusted EPC partner in the country's growth story.

Shares of Ceigall India Limited was last trading in BSE at Rs. 261.95 as compared to the previous close of Rs. 262.80. The total number of shares traded during the day was 12143 in over 325 trades.

The stock hit an intraday high of Rs. 269.00 and intraday low of 260.55. The net turnover during the day was Rs. 3194378.00.

Source : Equity Bulls

Keywords

INE0AG901020 CeigallIndia CivilConstruction JSPPPL JV LOA GMADA MohaliTownship