Back-to-Back Order Wins; EPC Company Secures Orders Worth Over Rs 207 Crore
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Ceigall India secured two HAM-based urban projects in Punjab along with an EPC highway project in Arunachal Pradesh
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The share price of Ceigall India Limited is in focus after the company’s wholly owned subsidiary, Ceigall Infra Projects Private Limited (CIPPL), emerged as the L1 bidder for two projects awarded by the Punjab Infrastructure Development Board.
Ceigall Emerges L1 Bidder for Ludhiana Urban Infrastructure Projects
Ceigall Infra Projects Private Limited (CIPPL), a wholly owned subsidiary of Ceigall India Limited, was declared the L1 (lowest) bidder in the financial bid opening for two tenders by the Punjab Infrastructure Development Board on March 16, 2026. These projects are part of urban infrastructure development in Ludhiana and will be executed under the Hybrid Annuity Model (HAM), a model where the government and the contractor share project costs and risks.
The combined value of the two projects stands at Rs 207 crore, with Rs 108 crore for one package and Rs 99 crore for the other. Both projects are to be executed with an 8-month Construction period, followed by a 6-year maintenance period, providing long-term revenue visibility. These contracts further strengthen Ceigall India’s Order Book and reinforce its presence in urban infrastructure development under the Hybrid Annuity Model (HAM).
Ceigall Strengthens Order Book with Back-to-Back Project Wins
Prior to this development, Ceigall India Limited had also emerged as the L1 bidder for a highway project worth Rs 274.08 crore in Arunachal Pradesh. The project involves the construction of a section of NH-913 (Frontier Highway) and is to be executed under the Engineering, Procurement and Construction (EPC) mode.
About Ceigall India Limited
Ceigall India Limited is an infrastructure engineering and construction company engaged primarily in the development of roads, highways, bridges, flyovers, and urban infrastructure projects across India. The company executes projects mainly under Engineering, Procurement and Construction (EPC) and Hybrid Annuity Model (HAM) frameworks for government agencies such as the Ministry of Road Transport & Highways (MoRTH) and state authorities.
Ceigall India Limited has a market capitalisation of Rs 4,867 crore. The company reported a Return on Capital Employed (ROCE) of 19.4 per cent and a Return on Equity (ROE) of 20.9 per cent. Over the past three years, the company has recorded an average ROE of 28.5 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.