亚博体育官网首页

Ceigall India Secures $111 Million Contract for Ludhiana Bypass
ROADS & HIGHWAYS

Ceigall India Secures $111 Million Contract for Ludhiana Bypass

Infrastructure company Ceigall India Ltd has secured a significant contract from the National Highways Authority of India (NHAI) for the development of a six-lane greenfield southern Ludhiana bypass. The company received the Letter of Award (LOA) on March 13, 2025, according to a stock exchange filing.

The project, part of the Ludhiana-Ajmer Economic Corridor, involves developing a 25.24 km stretch from NH44 near Village Rajgarh to the Delhi-Katra Expressway (NE 5) near Village Ballowal.

Awarded under the Hybrid Annuity Mode (HAM), the project's estimated cost is approximately $104 million, while the bid project cost, as per the LOA, stands at around $128 million. Ceigall India secured the contract with a bid price of about $111 million, with a completion timeline of 24 months.

Interestingly, the same project was previously awarded to Ceigall India in June 2022 at a bid project cost of $84 million but was later revoked due to unavailability of the construction site.

The new award highlights Ceigall India's persistence in securing large-scale infrastructure projects despite previous setbacks.

Infrastructure company Ceigall India Ltd has secured a significant contract from the National Highways Authority of India (NHAI) for the development of a six-lane greenfield southern Ludhiana bypass. The company received the Letter of Award (LOA) on March 13, 2025, according to a stock exchange filing. The project, part of the Ludhiana-Ajmer Economic Corridor, involves developing a 25.24 km stretch from NH44 near Village Rajgarh to the Delhi-Katra Expressway (NE 5) near Village Ballowal. Awarded under the Hybrid Annuity Mode (HAM), the project's estimated cost is approximately $104 million, while the bid project cost, as per the LOA, stands at around $128 million. Ceigall India secured the contract with a bid price of about $111 million, with a completion timeline of 24 months. Interestingly, the same project was previously awarded to Ceigall India in June 2022 at a bid project cost of $84 million but was later revoked due to unavailability of the construction site. The new award highlights Ceigall India's persistence in securing large-scale infrastructure projects despite previous setbacks.

Next Story
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement