Ceigall India Limited (CIL) announced that its wholly owned subsidiary, Ceigall Infra Projects Private Limited (CIPPL), has experienced a setback with the cancellation of two tenders worth a total of ₹207 crore. The tenders, issued by the Punjab Infrastructure Development Board, were revoked due to administrative reasons.
CIPPL had emerged as the lowest bidder in the financial bid opening for the two tenders, which were aimed at the construction and development of world-class urban streets in Ludhiana. These projects were to be executed under the Hybrid Annuity Model, specifically Package 1 and Package 3.
The cancellation was communicated via email on 24 March 2026, as per information available on the Official e-Procurement portal of the Government of Punjab. The tenders, identified as Tender Id: 2026_DOF_158228_2 and 2026_DOF_158211_2, were initially announced in a letter dated 17 March 2026.
The details of the cancellation, including the administrative reasons cited, are in accordance with regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 30 January 2026.
The company has made this information available on its official website, www.ceigall.com, and has requested stakeholders to update their records with this development.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).