Promotor Backed Construction Company Executes Rs 923 Crore Concession Deal For 6-Lane Ludhiana Bypass Project

The share price of the company surge 7 per cent in last one month.

CEIGALL INDIA LIMITED's subsidiary, "CEIGALL SOUTHERN LUDHIANA BYPASS PRIVATE LIMITED", has executed the Concession Agreement with the National Highways Authority of India (NHAI) on May 5, 2025. This project involves the development of the 6-lane Greenfield Southern Ludhiana Bypass from the intersection with NH44 near Village Rajgarh to the intersection with the Delhi Katra Expressway (NE 5) near Village Ballowal, covering a distance from km 00+000 to Km 25+240.

This development is part of the Ludhiana-Ajmer Economic Corridor on Hybrid Annuity Mode under NH (O) in the state of Punjab. The estimated project cost is Rs 864.97 crore, while the estimated bid project cost, as intimated by the authority in the Letter of Acceptance (LOA), is Rs 1063.79 crore. The completion period for the project is set at 24 months. The bid price for this project is Rs 923 crore. This execution follows the company's earlier communication dated March 13, 2025, and is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.

Ceigall India Limited is an infrastructure construction company with expertise in undertaking specialized structural projects. These include the construction and development of state and national highways, elevated roads, flyovers, bridges, railway overpasses, tunnels, expressways, and runways. The company is involved in Engineering, Procurement, and Construction (EPC) projects as well as Hybrid Annuity Mode (HAM) projects. Additionally, Ceigall undertakes Operation and Maintenance (O&M) of highway projects. The company has a track record of completing numerous projects across several states in India and has established itself as a key player in the infrastructure development sector.

Disclaimer: The article is for informational purposes only and not investment advice.