Ceigall Infra Projects Private Limited (CIPPL), a wholly-owned subsidiary of Ceigall India Limited (CIL), has been declared the Lowest (L1) bidder for a significant road development tender issued by the National Highways Authority of India (NHAI). The project, valued at ₹603.00 Crore (Bid Cost), involves the construction and subsequent 15-year maintenance of a 6-lane access-controlled spur connecting key segments in Punjab. The contract will utilize the Hybrid Annuity Mode (HAM).
Subsidiary Achieves L1 Status for National Highway Project
Ceigall India Limited (CIL) announces that its wholly-owned subsidiary, Ceigall Infra projects Private Limited (‘CIPPL’), has emerged as the L1 bidder following the financial bid opening for a tender from the National Highways Authority of India. The bid was opened on March 20, 2026.
Contract Details and Scope
The contract has been awarded under the Hybrid Annuity Mode (HAM), indicating a domestic project award. The specific nature of the contract involves the Construction of a 6-lane access-controlled Spur connectivity in the state of Punjab. This route spans approximately 10.300 Km, connecting specific points on the Ambala-Chandigarh section of NH-205A and the Zirakpur Bypass.
Financial Value and Execution Timeline
The broad consideration or size of the contract is substantial, amounting to Rs. 603.00 Crore (Bid Cost). The execution timeline is clearly defined, encompassing an 18 Month Construction Period, followed immediately by a 15 Year Operation & Maintenance Period. The company confirms that neither the promoter group nor related party transactions are involved in this award, ensuring the contract is conducted at an “arm’s length” basis.
Source: BSE
