NewsCorporate ActionsCeigall India's Subsidiary Achieves Financial Close for 6-Lane Southern Ludhiana Bypass ProjectCeigall India's Subsidiary Achieves Financial Close for 6-Lane Southern Ludhiana Bypass Project
Ceigall India Limited's subsidiary, Ceigall Southern Ludhiana Bypass Private Limited, has achieved financial close for a 6-lane Greenfield Southern Ludhiana Bypass project in Punjab. The 25.24 km project, part of the Ludhiana-Ajmer Economic Corridor, will be developed under the Hybrid Annuity Mode with a 24-month completion period. The National Highways Authority of India (NHAI) confirmed the financial close on October 22, 2025, marking a significant milestone for the company.
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Ceigall India Limited has announced a significant milestone for its subsidiary, Ceigall Southern Ludhiana Bypass Private Limited. The company has successfully achieved financial close for a major highway project in Punjab, as confirmed by the National Highways Authority of India (NHAI) on October 22, 2025.
Project Details
The project involves the development of a 6-lane Greenfield Southern Ludhiana Bypass, which is part of the larger Ludhiana-Ajmer Economic Corridor. Here are the key details of the project:
| Aspect | Details |
|---|---|
| Project Type | 6-lane Greenfield Southern Ludhiana Bypass |
| Start Point | Intersection with NH-44 near Village Rajgarh |
| End Point | Intersection with Delhi Katra Expressway (NE-5) near Village Ballowal |
| Length | 25.24 kilometers (Km. 0+000 to Km. 25+240) |
| Mode | Hybrid Annuity Mode (HAM) |
| Completion Period | 24 Months |
| Financial Close Date | September 30, 2025 |
Financial Close and Project Significance
The achievement of financial close is a crucial step in the project's progression. It indicates that the necessary funding arrangements have been secured, allowing the project to move forward into the construction phase. The NHAI's confirmation of the financial close on October 22, 2025, marks an important milestone for Ceigall India Limited and its subsidiary.
Economic Impact
This project is part of the Ludhiana-Ajmer Economic Corridor, suggesting its potential to enhance connectivity and facilitate economic growth in the region. The 6-lane bypass is expected to improve traffic flow around Ludhiana, potentially reducing congestion and travel times for commuters and freight transport.
Company Disclosure
In compliance with regulatory requirements, Ceigall India Limited has promptly disclosed this development to the stock exchanges. The company has filed the information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating its commitment to transparent communication with stakeholders.
As the project moves into its implementation phase, it will be interesting to observe its progress and the potential impact on Ceigall India Limited's performance in the infrastructure sector.
