Ceigall India Subsidiary Secures Rs. 207 Crore Punjab Contracts
Filing Summary
Ceigall Infra Projects Private Limited, a wholly owned subsidiary of Ceigall India Limited, has been awarded two contracts by the Punjab Infrastructure Development Board. The contracts, valued at a total of Rs. 207 Crore, involve the construction and development of urban streets in Ludhiana under the Hybrid Annuity Model. The projects have a construction period of eight months and a maintenance period of six years. The contracts were awarded on March 16, 2026, as per the financial bid opening results available on the Government of Punjab’s e-Procurement portal.
On March 16, 2026, Ceigall Infra Projects Private Limited (CIPPL), a wholly owned subsidiary of Ceigall India Limited (CIL), emerged as the L1 bidder for two tenders issued by the Punjab Infrastructure Development Board. The contracts pertain to the construction and development of world-class urban streets in Ludhiana, executed under the Hybrid Annuity Model (HAM).
The first contract, identified by Tender ID 2026_DOF_158211_2, involves a bid cost of Rs. 108 Crore. The second contract, identified by Tender ID 2026_DOF_158228_2, carries a bid cost of Rs. 99 Crore. Both contracts specify a construction period of eight months, followed by a maintenance period of six years.
The contracts are domestic in nature, with no involvement of international entities. There is no interest from the promoter or promoter group in the entity awarding the contracts, and the transactions do not fall within related party transactions.
The information regarding these contracts was disclosed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details are also available on the official e-Procurement portal of the Government of Punjab and the company’s website.
Punjab Infrastructure Development Board is responsible for the development of infrastructure projects within the state of Punjab. It focuses on enhancing urban infrastructure to improve the quality of life for residents.
Ceigall India Limited is engaged in infrastructure development, focusing on road construction and urban development projects. The company prioritizes expanding its project portfolio through strategic bidding and execution of government contracts.