Ceigall India Ltd’s wholly owned subsidiary, Ceigall Infra Projects Pvt Ltd, has emerged as the lowest bidder (L1) for a major National Highways Authority of India (NHAI) tender worth Rs 6.03 billion. The project involves construction and long-term maintenance under Hybrid Annuity Mode.
Ceigall India Ltd has officially notified stock exchanges that its subsidiary has won the bid for a strategic highway connectivity project in Punjab. This marks a significant milestone in the company’s infrastructure portfolio and reinforces its position as a leading player in road construction.
Project Overview
The awarded contract covers the construction of a six-lane access-controlled spur connectivity from Ambala–Chandigarh section of NH-205A to Zirakpur Bypass, spanning 10.3 km. The project will be executed under Hybrid Annuity Mode (HAM), combining government support with private investment.
Execution Timeline
The contract stipulates an 18-month construction period followed by a 15-year operation and maintenance phase, ensuring long-term engagement and revenue visibility for Ceigall Infra.
Key Highlights
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Rs 603 crore bid cost
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Hybrid Annuity Mode contract structure
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18-month construction timeline
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15-year O&M commitment
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Strategic connectivity in Punjab
This development strengthens Ceigall’s growth trajectory and underscores its ability to secure high-value infrastructure projects in India’s expanding highway network.
Sources: Company filing with BSE and NSE, Ceigall India Ltd announcement