The financial bids were opened on March 16, 2026, according to the Punjab government’s e-procurement portal.
Both projects involve the construction and development of world-class urban streets in Ludhiana under the Hybrid Annuity Model (Packages 1 and 3).
The contracts are domestic, with an 8-month construction timeline and 6 years of maintenance. The bid values stand at ₹108 crore and ₹99 crore, respectively.
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Earlier, on March 12, the company said its joint venture with Sushee Infra & Mining Ltd emerged as the L1 bidder for four road projects from the Ministry of Road Transport and Highways, worth ₹2,149.62 crore.
In Q3, Ceigall reported steady performance, with net profit rising 1.2% year-on-year to ₹74.1 crore, while revenue grew 19.3% to ₹991 crore. EBITDA rose 12.8% to ₹138.7 crore, though margins softened to 14%.
Shares of Ceigall India closed 2.44% higher at ₹279 on March 17 on the NSE.
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