Deals24 Dec 2024, 09:40 pm
Ceigall India Ltd Subsidiary Executes Concession Agreement with NHAI for Ludhiana-Bathinda Greenfield Highway Development
AI Summary
Ceigall India Ltd has announced that its subsidiary, 'CEIGALL LUDHIANA BATHINDA GREENFIELD HIGHWAY PRIVATE LIMITED', has executed a Concession Agreement with the National Highways Authority of India (NHAI) on 24th December 2024. The project involves the development of a 6-lane access-controlled highway section from the junction with Moga-Barnala mz‘i to the junction with Delhi-Katra Expressway (NE-5) near Ludhiana, under the Bharatmala Pariyojna Phase-I (Package-2). The project is to be completed in 24 months on a Hybrid Annuity Mode.
Key Highlights
- Ceigall India Ltd's subsidiary signs Concession Agreement with NHAI
- Project involves development of 6-lane access-controlled highway section from junction with Moga-Barnala mz‘i to junction with Delhi-Katra Expressway (NE-5) near Ludhiana
- Project to be completed in 24 months on Hybrid Annuity Mode
- Part of Ludhiana-Ajmer Economic Corridor in the state of Punjab
- Under Bharatmala Pariyojna Phase-I (Package-2)