Back-to-Back Order Wins; EPC Company Secures Rs 603 Crore Highway Project from NHAI

On Monday, Ceigall India's share price in focus after Ceigall India's wholly owned subsidiary, Ceigall Infra Projects Private Limited (CIPPL), emerged as the L1 bidder in a tender floated by the National Highways Authority of India (NHAI). The project involves the Construction of a 6-lane access-controlled spur connectivity in Punjab under Hybrid Annuity Mode (HAM), with a total bid cost of Rs 603 crore. As of 11:52 AM, March 23, 2026, the share price of Ceigall India is trading at Rs 262.

Order Details of Highway Project

The project involves the construction of a 6-lane access-controlled spur connectivity starting from Ch. 15+100 of the Ambala–Chandigarh section of NH-205A and terminating at Ch. 2+500 of the Zirakpur Bypass, covering a total length of 10.300 km in the state of Punjab. The contract has been awarded by the National Highways Authority of India (NHAI) under the Hybrid Annuity Mode (HAM). The total bid cost of the project stands at Rs 603 crore. The execution timeline includes an 18-month construction period followed by a 15-year operation and maintenance period.

Ceigall Strengthens Order Book with Back-to-Back Project Wins

Prior to this development, Ceigall Infra Projects Private Limited (CIPPL) was earlier declared the L1 bidder for two HAM-based projects in Ludhiana awarded by the Punjab Infrastructure Development Board. The projects have a combined value of Rs 207 crore and include an 8-month construction period followed by a 6-year maintenance phase. These orders strengthened the company’s order book and presence in urban infrastructure.

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. Over the past three years, the company has recorded an average ROE of 28.5 per cent. Over a one-year period, the stock has declined by 5.79 per cent, while the benchmark Nifty Smallcap Index has fallen by 6.88 per cent

Disclaimer: The article is for informational purposes only and not investment advice.