Ceigall India Emerges as Lowest Bidder for 25.24 km Six-Lane Southern Ludhiana Bypass
Ceigall India has emerged as the lowest bidder for the development of a 25.24 km six-lane greenfield southern Ludhiana Bypass, starting near Rajgarh village and connecting to the Delhi-Katra Expressway (NE-5) near Ballowal village. The project, a vital component of the Ludhiana-Ajmer Economic Corridor, will be executed under the hybrid annuity model in Punjab.
Ceigall India's winning bid for the National Highways Authority of India (NHAI) is Rs 923 crore. Notably, this project was previously awarded to Ceigall India in June 2022 for a bid of Rs 702 crore but was amicably revoked due to the unavailability of the construction site.
Ramneek Sehgal, Managing Director of Ceigall India, said, “We are committed to delivering high-quality infrastructure that enhances connectivity and economic growth. We informed our investors that we anticipate securing contracts totaling approximately Rs 5,000 crore by the end of the financial year on March 31, 2025. Currently, we have contracts worth around Rs 3,700 crore, and with this latest tender, we have surpassed Rs 4,600 crore. We remain confident that by March 2025, we will exceed Rs 5,000 crore in tenders. Additionally, we have already submitted tenders worth Rs 15,000 crore, which are expected to be opened soon.”
