Ceigall India Limited has emerged as the lowest bidder (L1) for a significant road construction project worth INR 509.20 crore from the Greater Mohali Area Development Authority (GMADA). This development marks a notable achievement for the company in the infrastructure sector.

Project Details

The project, valued at INR 509.20 crore (including GST), involves the construction of internal roads in Pockets B, C, and D of Aerotropolis SAS Nagar. The scope of work encompasses comprehensive civil works, public health services, and electrical installations. Initially estimated at INR 467.93 crore, the final awarded cost represents an increase of approximately 8.8% from the original project cost.

Contract Specifications

Project Significance

This contract win underscores Ceigall India's growing presence in the infrastructure development sector, particularly in urban road construction. The Aerotropolis project in SAS Nagar is likely to play a crucial role in enhancing the area's connectivity and urban infrastructure.

Company Disclosure

In compliance with regulatory requirements, Ceigall India Limited has formally disclosed this information to the stock exchanges. The company secretary, Megha Kainth, confirmed that the project does not fall under related party transactions, and there is no interest from the promoter/promoter group or group companies in GMADA, the entity awarding the contract.

Upcoming Board Meeting

In a separate announcement, Ceigall India Limited has scheduled a board meeting for September 18, 2025. The meeting will discuss developments related to a Scheme of Arrangement involving Ceigall Infra Projects Private Limited, a wholly-owned subsidiary of Ceigall India Limited, and C & C Construction Limited.

Trading Window Closure

As per SEBI regulations, the company has closed the trading window for designated persons from September 12, 2025, until 48 hours after the conclusion of the board meeting. This measure ensures compliance with insider trading prevention norms during this period of significant corporate developments.

The successful bid for this substantial infrastructure project, coupled with the upcoming strategic discussions, positions Ceigall India Limited for potential growth and expansion in the construction and infrastructure sectors.

Ceigall India Limited has secured a significant legal victory against the National Highways Authority of India (NHAI) in a recent judgment by the Delhi High Court. The court's ruling quashed NHAI's decision to forfeit bid security amounting to ₹54.35 lakh from the company.

Legal Battle and Outcome

The case stemmed from NHAI's partial invocation of a Surety Bond against Ceigall India's bid security. In response, the company filed a writ petition challenging this action in the Delhi High Court. The court's verdict not only set aside the forfeiture but also overturned NHAI's partial invocation of the Surety Bond.

Court's Directive

As part of the judgment, the Delhi High Court has instructed Ceigall India to:

1. Deposit ₹15.00 lakh with NHAI
2. Exercise due care to avoid unintentional errors in future bid price quotations

This directive serves as a precautionary measure to ensure more accurate bidding practices in the future.

Financial Implications

Ceigall India Limited anticipates a positive impact on its financial position as a result of this favorable judgment. The company's ability to retain the majority of the contested bid security is expected to strengthen its financial standing.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Ceigall India promptly informed the stock exchanges about this development. The company's disclosure provided detailed information about the court's decision and its potential impact.

Management's Response

Megha Kainth, Company Secretary of Ceigall India Limited, officially communicated the court's decision to the stock exchanges, underlining the company's commitment to transparency and regulatory compliance.

This legal victory marks a significant milestone for Ceigall India Limited, potentially bolstering investor confidence and reinforcing the company's position in its operational sector.