Ceigall India wins ₹330.84 crore Delhi PWD road order

Ceigall India has emerged as the L1 bidder for a road strengthening project awarded by the Public Works Department, Government of Delhi. The company submitted a financial bid of ₹330.84 crores, which is approximately 29% higher than the estimated tender cost of ₹256.46 crores. The project involves strengthening and other works for various roads under the South Maintenance Zone, PWD, during the financial year 2026-27.

Project Details

The contract is an Item Rate Contract classified as a domestic order. The execution timeline includes a construction period of 375 days, followed by a 12-month defect liability period. Upon completion of the defect liability period, a free maintenance period of 48 months is mandated.

Parameter	Details
Awarding Authority	Public Works Department, Delhi Government
Nature of Work	Strengthening and other works of various roads
Contract Value	₹330.84 crores (including GST)
Estimated Cost	₹256.46 crores
Premium Over Estimate	~29%
Construction Period	375 Days
Defect Liability Period	12 Months
Maintenance Period	48 Months

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.40%	-6.56%	+4.49%	+34.02%	+34.37%	-5.33%

Ceigall India has appointed Mr. Ayyalusamy Saravanan and Dr. Pawan Kumar as Whole-Time Directors of the company effective July 01, 2026. The appointments are subject to shareholder approval at the ensuing Annual General Meeting. Simultaneously, the board accepted the resignation of Dr. Sudhir Rao Hoshing from the position of Whole-Time Director, effective from the close of business hours on July 15, 2026.

Key Appointment Details

The following table outlines the key details of the new appointments and the resignation:

Parameter	Details
Appointee 1	Mr. Ayyalusamy Saravanan
Designation	Whole-Time Director & CEO
Term	2 years (July 01, 2026 to June 30, 2028)
Appointee 2	Dr. Pawan Kumar
Designation	Whole-Time Director
Term	2 years (July 01, 2026 to June 30, 2028)
Resigning Director	Dr. Sudhir Rao Hoshing
Reason	Family commitment and personal exigencies
Effective Date	Close of business hours on July 15, 2026

Leadership Profiles

Mr. Ayyalusamy Saravanan, aged about 55 years, holds a degree in Mechanical Engineering and brings nearly 33 years of experience in the infrastructure sector, specifically in EPC Highways Projects. His previous leadership roles include Managing Director of MW High Tech Projects India Pvt. Ltd. and positions at GMR Group.

Dr. Pawan Kumar, also aged about 55 years, holds a Ph.D. from IIT Roorkee and possesses over 33 years of experience in the infrastructure and construction industry. His core competencies include project management, business development, and contract management. He was previously associated with MKC Infrastructure Ltd. and the Central Road Research Institute.

Regulatory Disclosures

Pursuant to Regulation 30 of the SEBI Listing Regulations, the company confirmed that neither Mr. Saravanan nor Dr. Kumar is debarred from holding the office of Director by any SEBI order or other authority. Both appointees are not related to any existing Director or Key Managerial Personnel of the company.