Ceigall India Limited’s wholly owned subsidiary, Ceigall Infra Projects Private Limited, has emerged as the L1 bidder for two significant contracts from the Punjab Infrastructure Development Board. The contracts, awarded on 16th March 2026, involve the construction and development of world-class urban streets in Ludhiana under the Hybrid Annuity Model (HAM).
The first project, identified by Tender ID 2026_DOF_158211_2, involves a bid cost of ₹108 crore. The second project, under Tender ID 2026_DOF_158228_2, has a bid cost of ₹99 crore. Both projects entail an eight-month construction period followed by a six-year maintenance period.
These contracts are domestic in nature, and neither the promoter group nor the group companies of Ceigall India have any interest in the awarding entity, ensuring no related party transactions are involved.
Further details regarding these contracts are available on Ceigall India’s official website.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).