Ceigall India subsidiary executes concession agreement with NHAI for project worth Rs 981 crore

CEIGALL Ludhiana Bathinda Greenfield Highway Private Limited, a subsidiary of Ceigall India, executed a Concession Agreement with the National Highways Authority of India (NHAI) on December 24, 2024. This agreement pertains to a significant infrastructure project aimed at enhancing the Ludhiana-Bathinda Greenfield highway section.

Project Overview:

• Project Name: Development of a 6-lane, access-controlled Ludhiana-Bathinda Greenfield highway section (NH-754AD).
• Project Scope: The highway will connect Moga-Barnala Road (NH-703) near Tallewal to the Delhi-Katra Expressway (NE-5) near Ludhiana, covering a stretch from km 30+300 to km 75+543.
• Cost: ₹981 crore (INR).
• Mode: Hybrid Annuity Mode (HAM) under the Bharatmala Pariyojana Phase-I.
• Completion Period: 24 months.

In the meantime, Ceigall India shares opened today at ₹352.65, reaching the same value for the day’s high. The stock recorded a low of ₹340.50. Over the past year, the stock has fluctuated between a 52-week high of ₹424.80 and a 52-week low of ₹293.00, reflecting significant volatility.