Construction Engineering Stock, Ceigall India Ltd receives an order worth Rs 923 Crore from NHAI
The company's shares are currently trading at Rs. 304.95 down by 3.85% from its previous close of Rs. 317.15 as of January 27, 2025. The stock also touched an intraday low of Rs. 301.3.
Construction Engineering Stock, Ceigall India Ltd receives an order worth Rs 923 Crore from NHAI
Engineering Construction-backed Infra Company, Ceigall India Ltd has informed its stakeholders that it has emerged as the L1 bidder in the Financial Bid Opening held on 24th January 2025 for a tender invited by the National Highways Authority of India (NHAI).
The company's shares are currently trading at Rs. 304.95 down by 3.85% from its previous close of Rs. 317.15 as of January 27, 2025. The stock also touched an intraday low of Rs. 301.3.
The project involves the development of a 6-lane Greenfield Southern Ludhiana Bypass, which will play a vital role in connecting key intersections along the Ludhiana-Ajmer Economic Corridor. The bid was placed at INR 923.00 Crore. The project is considered an important infrastructure development in the state of Punjab.
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The Southern Ludhiana Bypass project is set to stretch from the intersection with NH-44 near Village Rajgarh to the intersection with the Delhi-Katra Expressway near Village Ballowal. The project will be executed under the Hybrid Annuity Mode (HAM), with an estimated cost of INR 864.97 Crore. It is expected that this development will significantly improve traffic flow and enhance regional connectivity, contributing to the economic development of the area.
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