Ceigall India Limited announced that its wholly owned subsidiary, Ceigall Infra projects Private Limited (CIPPL), has emerged as the L1 bidder for two significant infrastructure tenders released by the Punjab Infrastructure Development Board. The tenders relate to the Construction And Development of World Class Urban Street in Ludhiana under the Hybrid Annuity Model (HAM). The total combined bid cost for these two packages is approximately ₹207.00 Crore, with execution periods set at 8 months construction followed by 6 years maintenance for each project.
Infrastructure Subsidiary Secures L1 Status in Punjab Bids
Ceigall India Limited (CIL) has officially informed the stock exchanges regarding major developments concerning its subsidiary, Ceigall Infra projects Private Limited (CIPPL). On 16th March 2026, CIPPL was declared the L1 bidder in the financial bid opening for two distinct tenders issued by the Punjab Infrastructure Development Board.
Details of Awarded Contracts
Both contracts pertain to the Construction And Development of the World Class Urban Street in Ludhiana and are structured under the Hybrid Annuity Model (HAM), indicating a partnership-based execution approach. These are categorized as domestic contracts.
Contract Package 1 (Tender ID 2026 DOF 158211 2)
- Nature: Construction and Development of Urban Street in Ludhiana (HAM).
- Bid Cost: Rs. 108.00 Crore.
- Execution Period: 08 Month Construction Period followed by a 06 Year Maintenance Period.
Contract Package 2 (Tender ID 2026 DOF 158228 2)
- Nature: Construction and Development of Urban Street in Ludhiana (HAM).
- Bid Cost: Rs. 99.00 Crore.
- Execution Period: 08 Month Construction Period followed by a 06 Year Maintenance Period.
Compliance Affirmation
CIL confirmed that, as required for such disclosures, neither the promoter group nor group companies hold any interest in the entity awarding these contracts. Furthermore, it was confirmed that these orders do not fall within the scope of related party transactions.
Source: BSE
