CEIGALL India 's wholly owned subsidiary, Ceigall Infra Projects Private Limited (CIPPL), has received the Letter of Award from the National Highways Authority of India (NHAI) for a significant highway infrastructure project valued at ₹603.00 crore.

Project Award Details

The company has been officially awarded the contract following its L1 bidder status in the financial bid opening for Tender ID: 2025_NHAI_258699_1. The project involves construction of a 6-lane access-controlled spur connectivity spanning 10.300 Km in Punjab state under the Hybrid Annuity Mode (HAM).

Project Specifications

The highway project encompasses construction of 6-lane access-controlled spur connectivity starting from Ch. 15+100 of Ambala-Chandigarh section of NH-205A and terminating at Ch. 2+500 of Zirakpur Bypass under NH(O) in Punjab state. The project will be executed under the Hybrid Annuity Mode with an 18-month construction timeline followed by a 15-year operation and maintenance period.

Strategic Significance

The Letter of Award confirmation marks a significant milestone for CEIGALL India, adding ₹603.00 crore to its confirmed order book. This contract reinforces the company's strong positioning in India's highway infrastructure development sector and demonstrates its competitive capabilities in securing substantial government infrastructure projects.

The successful award reflects the company's expertise in hybrid annuity mode projects, which combine both construction and long-term operational responsibilities, providing sustained revenue streams over the 15-year maintenance period. This project strengthens CEIGALL India's presence in Punjab's highway development initiatives and contributes to the state's infrastructure expansion.

Ceigall India has officially announced the appointment of Akshay Jain as Vice President (Strategy & Planning), effective March 26, 2026. The appointment was approved by the Board of Directors through a resolution passed by circulation on March 25, 2026, based on recommendations from the Nomination and Remuneration Committee.

Official Appointment Details

The company has formally notified stock exchanges about this senior management appointment in compliance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Jain's appointment forms part of the Senior Management Personnel structure, representing a strategic addition to strengthen the company's leadership capabilities.

Professional Profile and Qualifications

Jain brings extensive credentials to his new role, combining strong academic foundation with substantial industry experience. At 41 years old, he holds a Post Graduate Diploma in Management (Finance) from the Indian Institute of Management, Lucknow, and a B.Tech in Mechanical Engineering from the Indian Institute of Technology, Madras.

Comprehensive Industry Experience

With over 18 years of experience across banks, corporates, and family offices, Jain has demonstrated expertise in multiple areas of finance and investment management. His professional background encompasses corporate finance, mergers and acquisitions, fund raising, and investments across both public and private markets.

Strategic Leadership Addition

Jain's diverse experience spans investment strategy, foreign exchange and interest rates structuring, treasury management, and preparing companies for public listing. His cross-sector expertise in fintech, manufacturing, and banking positions him well to contribute to Ceigall India's strategic planning and growth initiatives. The appointment reflects the company's commitment to building robust leadership capabilities with seasoned professionals who can drive strategic initiatives and enhance operational excellence.