Ceigall Infra Projects Private Limited (CIPPL), a subsidiary of Ceigall India Limited, has had two major infrastructure tenders cancelled by the Punjab Infrastructure Development Board. The tenders, related to the Development of World Class Urban Streets in Ludhiana, were cancelled on March 24, 2026, due to administrative reasons. The initial aggregate bid cost for these two packages was Rs. 207 Crores, announced following the L1 bidder status.
Cancellation of Major Tenders Announced
Ceigall India Limited formally announced the cancellation of two significant tenders that its wholly-owned subsidiary, Ceigall Infra Projects Private Limited (CIPPL), had recently secured. CIPPL had initially emerged as the L1 bidder for these projects with an aggregate bid cost totaling Rs. 207 Crores.
Details of the Cancelled Contracts
The cancellation affects two specific tenders managed by the Punjab Infrastructure Development Board:
- Tender ID 2026_DOF_158211_2: Pertaining to the Construction and Development of the World Class Urban Street in Ludhiana under Hybrid Annuity Model Package 1.
- Tender ID 2026_DOF_158228_2: Pertaining to the Construction and Development of the World Class Urban Street in Ludhiana under Hybrid Annuity Model Package 3.
Reason and Date of Termination
The official notification confirming the termination was received on March 24, 2026. The stated reason for the termination of both contracts is Administrative Reasons. Consequently, the details regarding the execution date of the orders are nullified, and the expected impact on the company’s order book will be assessed.
Source: BSE
