Infrastructure company Ceigall India Ltd on Thursday (March 13) said it has received a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for the development of a six-lane greenfield southern Ludhiana bypass.”…we are pleased to inform you that Ceigall India Ltd has received a Letter of Award (LOA) dated 13th March 2025 from the National Highways Authority of India,” according to a stock exchange filing.
The project, awarded under the Hybrid Annuity Mode (HAM), is part of the Ludhiana-Ajmer Economic Corridor in Punjab. The contract entails developing a 25.24 km stretch from NH44 near Village Rajgarh to the Delhi-Katra Expressway (NE 5) near Village Ballowal.
Also Read: Ceigall India eyes ₹5,000-7,000 crore order inflow next year
The estimated project cost is ₹864.97 crore, while the bid project cost, as per the LOA, stands at ₹1,063.79 crore. Ceigall India secured the project with a bid price of ₹923 crore, with a completion timeline of 24 months.This project was previously awarded to Ceigall India in June 2022 at a bid project cost of ₹702 crore but was later revoked due to the unavailability of the construction site.
The project, awarded under the Hybrid Annuity Mode (HAM), is part of the Ludhiana-Ajmer Economic Corridor in Punjab. The contract entails developing a 25.24 km stretch from NH44 near Village Rajgarh to the Delhi-Katra Expressway (NE 5) near Village Ballowal.
Also Read: Ceigall India eyes ₹5,000-7,000 crore order inflow next year
The estimated project cost is ₹864.97 crore, while the bid project cost, as per the LOA, stands at ₹1,063.79 crore. Ceigall India secured the project with a bid price of ₹923 crore, with a completion timeline of 24 months.This project was previously awarded to Ceigall India in June 2022 at a bid project cost of ₹702 crore but was later revoked due to the unavailability of the construction site.
“In this regard, kindly note that the same project was earlier awarded to the Company by NHAI vide LOA dated 02nd June 2022 with Bid Project Cost of Rs 702.00 Crores and was subsequently amicably revoked on account of non-availability of construction site,” Ceigall India said.
Also Read: Strong orders and debt reduction fuel Ceigall India’s post-IPO growth, says CEO
Shares of Ceigall India Ltd ended at ₹243.50, down by ₹1.90, or 0.77%, on the BSE.
