Ceigall India Limited has informed the Exchange about General Updates
CEIGALL · price
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Ceigall India Limited's subsidiary, Ceigall Southern Ludhiana Bypass Private Limited, has signed a Concession Agreement with the National Highways Authority of India (NHAI) on May 5, 2025. The project involves developing a 6-lane Greenfield Southern Ludhiana Bypass (25.24 km) in Punjab on Hybrid Annuity Mode (HAM), as part of the Ludhiana-Ajmer Economic Corridor. The bid price is INR 923 crore, with an estimated project cost of INR 864.97 crore and total bid project cost of INR 1,063.79 crore. The construction completion period is 24 months. This follows the earlier letter dated March 13, 2025, related to the Letter of Award.
This is a positive development for shareholders, as it formalizes a major government-backed infrastructure project worth over INR 1,000 crore, adding to Ceigall India's order book and providing revenue visibility over the next 24 months.