CEIGALL SPV Executes Concession Agreement with NHAI for Punjab Road Project
'CEIGALL AMBALA CHANDIGARH ZIRAKPUR LIMITED', a project Special Purpose Vehicle (SPV), has executed a Concession Agreement with the National Highways Authority of India (NHAI). The agreement, which was finalized on June 9, 2026, pertains to a major infrastructure development in Punjab.The project involves the construction of connectivity along NH-205A and is set to become a significant asset for the company. The SPV will undertake the work under a Hybrid Annuity Mode (HAM).
Details regarding the scope, cost, and timelines of the concession agreement are as follows:
| Project Detail | |
|---|---|
| Project Scope | Construction of 6-lane access controlled Spur connectivity starting from Ch. 15+100 of Ambala - Chandigarh section of NH-205A and terminating at Ch. 2+500 of Zirakpur Bypass (Total length 10.300 Km) under NH(O)' in the state of Punjab. |
| Project Mode | Hybrid Annuity Mode (HAM) |
| Estimated Project Cost | 603.00 INR Crores (Excluding GST) |
| Timeline | 18 Month Construction Period and a 15 Year Operation & Maintenance Period |
The execution of this agreement marks a key operational milestone for the project SPV, solidifying its role in developing critical infrastructure within Punjab state.
CEIGALL Stock Price Movement
Shares of Ceigall India Limited are edging higher to ₹366.6 as of 10:18 AM today, managing a marginal gain of 0.05%. Trading activity remains brisk in the live market, with the stock having seen a total traded volume of 241,161 shares.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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