Ceigall India wins Ludhiana street projects worth ₹207 crore

Ceigall India Limited on Tuesday, March 17, said its wholly owned subsidiary, Ceigall Infra Projects Private Limited (CIPPL), has emerged as the lowest (L1) bidder for two tenders floated by the Punjab Infrastructure Development Board.The financial bids were opened on March 16, 2026, according to the Punjab government’s e-procurement portal.

Both projects involve the construction and development of world-class urban streets in Ludhiana under the Hybrid Annuity Model (Packages 1 and 3).
The contracts are domestic, with an 8-month construction timeline and 6 years of maintenance. The bid values stand at ₹108 crore and ₹99 crore, respectively.

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Earlier, on March 12, the company said its joint venture with Sushee Infra & Mining Ltd emerged as the L1 bidder for four road projects from the Ministry of Road Transport and Highways, worth ₹2,149.62 crore.In Q3, Ceigall reported steady performance, with net profit rising 1.2% year-on-year to ₹74.1 crore, while revenue grew 19.3% to ₹991 crore. EBITDA rose 12.8% to ₹138.7 crore, though margins softened to 14%.

Shares of Ceigall India closed 2.44% higher at ₹279 on March 17 on the NSE.

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