The project involves the construction of a six-lane access-controlled spur connectivity from the Ambala–Chandigarh section of NH-205A to the Zirakpur Bypass in Punjab, spanning a total length of 10.3 km.
The contract will be executed under the hybrid annuity mode (HAM), a widely used model for highway development projects in India.
The company said the project has an 18-month construction timeline, followed by a 15-year operation and maintenance period.The order win is expected to strengthen Ceigall India’s order book and further bolster its presence in the road infrastructure segment, stated the exchange filing.
Earlier this week, Ceigall India had also announced that CIPPL emerged as the L1 bidder for two tenders floated by the Punjab Infrastructure Development Board, with financial bids opened on March 16, 2026, as per the state government’s e-procurement portal.
The projects involve developing world-class urban streets in Ludhiana under HAM (packages 1 and 3), with bid values of ₹108 crore and ₹99 crore. Both contracts have an eigh-month construction timeline and a maintenance period of six years.
Shares of Ceigall India Ltd ended marginally lower on Friday, March 20, by 0.44% at ₹270.50 on the NSE.
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