Ceigall India Ltd Declared Lowest Bidder for NHAI Project in Punjab

Infrastructure construction company Ceigall India Ltd has been named the lowest bidder by the National Highways Authority of India (NHAI) for a major project in Punjab. The project, which involves the development of a six-lane greenfield southern Ludhiana Bypass, is an integral part of the Ludhiana-Ajmer Economic Corridor. Ceigall India’s bid for the project, estimated to cost ₹864.97 crore by the NHAI, stands at ₹923 crore.

Details of the Ludhiana Bypass Project

The Ludhiana Bypass project, located in Punjab, spans from NH-44 near Rajgarh village to the Delhi-Katra Expressway (NE-5) near Ballowal village. It is set to be executed under the hybrid annuity model, a financing method that combines both annuity payments and equity investments. Although the project was initially awarded to Ceigall India in June 2022 for ₹702 crore, it was later revoked due to the unavailability of the construction site. This time, Ceigall India’s bid price has risen to ₹923 crore, reflecting updated project estimates and conditions.

Ceigall India’s Legacy in Infrastructure Construction

Ceigall India, a leading player in infrastructure construction, has built a strong reputation over the years. The company has expertise in executing specialised structural works such as elevated roads, flyovers, bridges, railway overbridges, tunnels, highways, expressways, and runways. Over the last two decades, Ceigall India has evolved from a small construction firm into a prominent EPC (engineering, procurement, and construction) contractor, renowned for its design and construction of major road and highway projects.

The company’s operations are broadly divided into EPC and hybrid annuity model (HAM) projects, which span ten states in India, further demonstrating its extensive reach and capabilities in the infrastructure sector.

Ceigall India Share Performance

As of January 27, 2025, at 2:00 PM, Ceigall India shares are trading at ₹305.15 per share, down 3.78% from the previous closing price. Over the last month, the stock has fallen by 12.50%.

Conclusion

Ceigall India’s successful bid for the Ludhiana Bypass project marks another significant achievement for the company, underscoring its growing influence in India’s infrastructure sector. 

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