Ceigall India Bags ₹603 Crore NHAI Project as L1 Bidder Ceigall India Bags ₹603 Crore NHAI Project as L1 Bidder

Introduction

Leading infrastructure builder secures L1 position for a ₹603 crore NHAI project to develop a 10.30 km, 6-lane access-controlled spur connecting the Ambala–Chandigarh section to Zirakpur in Punjab.

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Push

Share price movement of Ceigall India

On March 23, 2026, Ceigall India opened at ₹272.00, up 0.50% from its previous close of ₹270.65. It reached a high of ₹275.90 (1.94%) and a low of ₹260.25. By 4:00 PM, it traded at ₹266.10, a -1.68% decrease, with a market cap of ₹4,632.11 crore.

NHAI L1 Bid: Project Details

Ceigall Infra Projects Private Limited (CIPPL), a wholly owned subsidiary of Ceigall India, emerged as the L1 bidder for NHAI Tender ID 2025_NHAI_258699_1 on March 21, 2026. The L1 bid value stood at ₹603.00 crore, against NHAI’s estimated project cost of ₹595.68 crore.

The project involves constructing a 6-lane, access-controlled spur on NH-205A connecting the Ambala–Chandigarh section to the Zirakpur Bypass in Punjab. The total road length is 10.30 km and will be executed under the Hybrid Annuity Mode (HAM).

The construction period is 18 months, followed by an operations and maintenance period of 15 years. Under HAM, CIPPL will receive scheduled annuity payments from NHAI throughout the O&M phase, reducing upfront revenue risk.

Stock performance of Ceigall India  for Period of 1 week, 6 months, and 1 year

Ceigall India delivered a 1-week return of -0.68%, a 6-month return of -0.21%, and a 1-year return of 2.87%.

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Expansion

Shareholding pattern of Ceigall India

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	82.10%	82.10%	82.10%
FII	2.90%	2.50%	1.80
DII	5.10%	5.70%	7.30%
Public	10.00%	9.80%	8.80%

About Ceigall India

Ceigall India Ltd (NSE: CEIGALL) is an infrastructure construction company specialising in elevated roads, flyovers, bridges, tunnels, highways, expressways, and runways across India.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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