New Launch6 May 2025, 02:01 am
Ceigall India Subsidiary Signs Concession Agreement with National Highways Authority of India
AI Summary
Ceigall India Ltd. is pleased to announce that its subsidiary, 'CEIGALL SOUTHERN LUDHIANA BYPASS PRIVATE LIMITED', has executed a Concession Agreement with the National Highways Authority of India. The project involves the development of a 6-lane Greenfield Southern Ludhiana Bypass from the intersection with NH44 (HAM) near Village Rajgarh to the intersection with Delhi Katra Expressway (NE 5) near Village Ballowal, km 00+000 to Km 254+240, as part of the Ludhiana-Ajmer Economic Corridor. The project cost is estimated at INR 1,887.76 Cr and is to be completed in 24 months under the Hybrid Annuity Mode.
Key Highlights
- Ceigall India's subsidiary signs Concession Agreement with National Highways Authority of India
- Project involves development of a 6-lane Greenfield Southern Ludhiana Bypass
- Project cost estimated at INR 1,887.76 Cr
- To be completed in 24 months under Hybrid Annuity Mode
- Part of Ludhiana-Ajmer Economic Corridor