CEIGALL India Subsidiary Emerges L1 Bidder for ₹603 Crore NHAI Highway Project
CEIGALL India's wholly owned subsidiary has secured L1 bidder status for a major NHAI highway infrastructure project valued at ₹603 crore. The project involves constructing 6-lane access-controlled spur connectivity spanning 10.300 Km in Punjab under Hybrid Annuity Mode with 18-month construction period and 15-year operation and maintenance responsibilities.
*this image is generated using AI for illustrative purposes only.
CEIGALL India 's wholly owned subsidiary, Ceigall Infra Projects Private Limited (CIPPL), has emerged as the L1 bidder for a significant highway infrastructure project from the National Highways Authority of India (NHAI) valued at ₹603.00 crore.
Project Details
The company secured the L1 position 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).
| Parameter: | Details |
|---|---|
| Contract Value: | ₹603.00 crore |
| Awarding Authority: | National Highways Authority of India (NHAI) |
| Project Length: | 10.300 Km |
| Contract Mode: | Hybrid Annuity Mode (HAM) |
| Location: | Punjab State |
| Construction Period: | 18 months |
| O&M Period: | 15 years |
Project Scope
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 period followed by a 15-year operation and maintenance period.
Strategic Impact
This contract win reinforces CEIGALL India's strong positioning in India's highway infrastructure development sector. The L1 bidder status demonstrates the company's competitive pricing and technical capabilities in securing substantial government infrastructure projects. The project adds significant value to the company's order book and strengthens its presence in Punjab's highway development initiatives.
The successful bid submission 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.
Historical Stock Returns for Ceigall India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.85% | -1.29% | -3.82% | +1.59% | -0.95% | -28.79% |
How will this ₹603 crore contract impact CEIGALL India's revenue guidance and order book for FY2025?
What is CEIGALL's strategy for financing the construction phase of this HAM project and managing working capital requirements?
Could this Punjab highway project position CEIGALL for additional NHAI tenders in the northern India corridor?
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