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Ceigall India Secures ₹207 Crore Ludhiana Street Project Contracts
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Ceigall India Secures ₹207 Crore Ludhiana Street Projects
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CNBC TV18
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17-03-2026, 18:34
Ceigall India Secures ₹207 Crore Ludhiana Street Projects
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Ceigall India's subsidiary, CIPPL, won two tenders from Punjab Infrastructure Development Board.
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Projects involve construction and development of world-class urban streets in Ludhiana under Hybrid Annuity Model.
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Contracts are worth ₹108 crore and ₹99 crore, with an 8-month construction timeline and 6 years of maintenance.
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Company's JV also secured four road projects worth ₹2,149.62 crore from MoRTH.
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Ceigall reported Q3 net profit up 1.2% to ₹74.1 crore and revenue up 19.3% to ₹991 crore.
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