Ceigall India Limited has informed the Exchange regarding a press release dated March 27, 2026, titled "Ceigall India Limited Wins Rs 603-Crore NHAI Contract for 6-Lane Spur Project in Punjab".
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Ceigall India Limited's wholly owned subsidiary, Ceigall Infra Projects Private Limited (CIPPL), has received a Letter of Award from the National Highways Authority of India (NHAI) for a Rs 603 crore road project. The scope involves constructing a 10.300 km, 6-lane access-controlled spur road connecting the Ambala–Chandigarh section of NH-205A to the Zirakpur Bypass in Punjab. The project will be executed on a Hybrid Annuity Mode (HAM) basis, with an 18-month construction period followed by a 15-year operation and maintenance phase. This is a domestic government contract with no related party interests involved.
Positive for shareholders — the Rs 603 crore order strengthens Ceigall's order book and reinforces its position as a reliable highway EPC/HAM player. The HAM model provides partial government funding support, reducing execution risk, and the 15-year O&M tail ensures long-term revenue visibility.