Ceigall Infra Projects Private Limited Emerges as L1 Bidder in Two Tenders by Punjab Infrastructure Development Board

Ceigall Infra Projects Private Limited (CIPPL), a wholly owned subsidiary of Ceigall India Limited (CIL), has emerged as the L1 bidder in the financial bid opening for two tenders by the Punjab Infrastructure Development Board. The tenders are for the construction and development of the World Class Urban Street in Ludhiana on Hybrid Annuity Model. The first package has a construction period of 8 months and a maintenance period of 6 years with a bid cost of Rs. 108.00 Crore. The second package has an 8-month construction period and a 6-year maintenance period with a bid cost of Rs. 99.00 Crore. The orders do not fall under related party transactions and there is no interest from the promoter/promoter group/group companies in the entity that awarded the order.