New Delhi, March 27 Ceigal India on Friday said its subsidiary, Ceigall Infra Projects Pvt Ltd (CIPPL), has secured a contract worth ₹603 crore from NHAI for the construction of a six-lane, access-controlled spur road in Punjab.
The project involves developing a 10.300-km stretch starting from a point on the Ambala-Chandigarh section of NH-205A, extending to the Zirakpur Bypass, under the NH(O) in Punjab, the company said in a statement.
The contract will be executed under the Hybrid Annuity Mode (HAM).
According to the statement, Ceigall Infra Projects Pvt Ltd (CIPPL), a wholly-owned subsidiary of Ceigall India Ltd (CIL), has received a letter of award (LOA) from the National Highways Authority of India (NHAI) for the construction of a six-lane, access-controlled spur road in Punjab.
Valued at ₹603 crore (bid cost), the project includes an 18-month construction period, followed by a 15-year operation and maintenance (O&M) period, it stated.
Ramneek Sehgal, Chairman & Managing Director, Ceigall India, said in the statement, "Securing this project reaffirms our position as a trusted partner in India's highway development and reflects NHAI's continued trust in Ceigall's technical capabilities and execution strength."
Ceigall India Ltd is an infrastructure engineering, procurement, and construction (EPC) company involved in the development of highways, expressways, bridges, flyovers, railway overbridges, tunnels, and runways.