Deals14 Mar 2025, 01:46 am
Ceigall India Ltd. Emerges as L1 Bidder for 6-Lane Greenfield Southern Ludhiana Bypass Project
AI Summary
Ceigall India Ltd. has emerged as the L1 bidder for the development of a 6-lane Greenfield Southern Ludhiana Bypass from intersection with NH-44 near Village Rajgarh to intersection with Delhi Katra Expressway (NE-5) near Village Ballowal (km. 0+000 to km. 25+240) as part of Ludhiana-Ajmer Economic Corridor on Hybrid Annuity Mode under NH(O) in the state of Punjab. The project was earlier awarded to the Company by NHAI vide LOA dated 021 June 2022 with Bid Project Cost of Rs. 702.00 Crores and was subsequently amicably revoked. The new bid project cost is Rs. 923.00 Crores, which is 13.23% below the estimated Bid Project Cost of Rs. 1063.79 Cr. as on Bid Due Date.
Key Highlights
- Ceigall India Ltd. emerges as the L1 bidder for the 6-lane Greenfield Southern Ludhiana Bypass project.
- The project was earlier awarded to the Company in June 2022 and was subsequently revoked.
- The new bid project cost is Rs. 923.00 Crores, which is 13.23% below the estimated Bid Project Cost.
- The project is part of the Ludhiana-Ajmer Economic Corridor on Hybrid Annuity Mode under NH(O) in the state of Punjab.
- The Company is required to promote and incorporate a Special Purpose Vehicle solely for the purpose of implementing the project.