Ceigall India Limited Wins Rs 603-Crore NHAI Contract for 6-Lane Spur Project in Punjab

Ceigall Infra Projects Private Limited (CIPPL), a wholly owned subsidiary of Ceigall India Limited ('CIL'), has received a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for the construction of a 6-lane access-controlled spur road in Punjab.

The awarded project involves developing a 10.300 km stretch starting from Ch. 15+100 of the Ambala-Chandigarh section of NH-205A and terminating at Ch. 2+500 of the Zirakpur Bypass, under the NH(O) in the state of Punjab. The contract will be executed on the Hybrid Annuity Mode (HAM).

Valued at Rs 603 crore (Bid Cost), the project includes an 18-month construction period, followed by a 15-year Operation & Maintenance (O&M) period.

Ramneek Sehgal, Chairman & Managing Director, Ceigall India Limited, said, "Securing this project reaffirms our position as a trusted partner in India's highway development and reflects NHAI's continued trust in Ceigall's technical capabilities and execution strength. We remain focused on scaling our infrastructure portfolio while consistently delivering high-quality, time-bound projects that improve connectivity and contribute to the nation's growth agenda."

Shares of Ceigall India Limited was last trading in BSE at Rs. 268.35 as compared to the previous close of Rs. 275.55. The total number of shares traded during the day was 20895 in over 830 trades.

The stock hit an intraday high of Rs. 281.70 and intraday low of 265.75. The net turnover during the day was Rs. 5743614.00.

Source : Equity Bulls

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