The awarded contract carries a bid cost of Rs 6,030 million (mn) and includes an 18-month construction period followed by a 15-year operation and maintenance period. The company will undertake construction and subsequent operations under the terms set out in the Letter of Award dated 27 March 2026. The order was awarded by a domestic government agency and is not a related party transaction.
Company disclosures indicate that there is no interest of the promoter or promoter group in the awarding entity and that the contract will be executed at arm's length. Ceigall India Limited has an established track record in infrastructure engineering, procurement and construction projects, including highways, bridges and other transport assets, and pursues projects under both EPC and Hybrid Annuity Model formats. The firm expects the project to contribute to improved connectivity in the region and to strengthen its order book.
The contract value and timelines reinforce the company’s position in India’s highway development sector and are aligned with its stated focus on timely execution of quality projects. The company has communicated the award through stock exchange filings and a press release and has requested regulators to record the information. Further operational details and project milestones will be disclosed in compliance with applicable listing obligations.