Ceigall India Ltd Approves Incorporation of SPV for Ambala Chandigarh Zirakpur Infrastructure Project
Ceigall India Ltd has approved the incorporation of a new Special Purpose Vehicle (SPV) named Ceigall Ambala Chandigarh Zirakpur Limited. The approval was granted by the Company's Management Committee of the Board of Directors during its meeting held on April 23, 2026. The newly formed entity is set to operate as a step down subsidiary of Ceigall India Limited.This strategic move by Ceigall India Limited is linked to a major infrastructure project award. The parent company's wholly owned subsidiary, Ceigall Infra Projects Private Limited, was awarded the contract by the National Highways Authority of India (NHAI). The award pertains to the construction of a 6-lane access-controlled Spur connectivity starting from Ch. 15+100 of the Ambala - Chandigarh section of NH-205A and terminating at Ch. 2+500 of Zirakpur Bypass. This project spans a total length of 10.300 Km under NH(O) in the State of Punjab, structured on a Hybrid Annuity Mode.
The formation of Ceigall Ambala Chandigarh Zirakpur Limited aims to implement this specific project awarded by the National Highways Authority of India.
Key details regarding the newly incorporated entity are outlined below:
| Particulars | Details |
|---|---|
| Name of the Company | Ceigall Ambala Chandigarh Zirakpur Limited |
| Country of Incorporation | India |
| Status | Step down Subsidiary of Ceigall India Limited |
| Industry | Infrastructure Development Industry |
| Project Scope | Implementation of the 6-lane access-controlled Spur connectivity on NH-205A (Ambala - Chandigarh section) in Punjab. |
| Nature of Consideration | Cash Consideration |
| Cost of Subscription | Rs.26,000/- |
| Shareholding by Ceigall India Limited | 26% |
| Incorporation Date | To be Incorporated |
The Management Committee meeting commenced at 04:30 P.M. (IST) and concluded at 05:05 P.M. (IST) on April 23, 2026.
CEIGALL Stock Price Movement
Shares of Ceigall India Limited today slipped by 0.67% to settle at ₹324.8. The stock shed ₹2.20 against a volume of 517,790 shares, remaining notably close to its 52-week high of ₹335.0.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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