The said order includes development of 6-lane access controlled Ludhiana-Bathinda Greenfield highway from junction with Moga-Barnala Road (NH-703) near village Tallewal to junction with Delhi-Katra Expressway (NE-5) near Ludhiana, village, Ballowal as a part of Ludhiana-Ajmer economic corridor in the Punjab on hybrid annuity mode (HAM) under Bharatmala Pariyojna phase-I (package-2).
The said order is worth Rs 981 crore and the completion and operation period will b 24 months.
Ceigall India is an infrastructure engineering, procurement and construction (EPC) company undertaking specialized structural works such as elevated roads, flyovers, bridges, railway over bridges, tunnels, highways, expressways and runways. The principal business operations are broadly divided into EPC projects and hybrid annuity model (HAM) projects.
The company’s consolidated net profit fell 1.4% despite of 14.2% increase in net sales to Rs 809.70 crore in Q2 FY25 over Q2 FY24.