News

Ceigall India announced that Ceigall Ambala Chandigarh Zirakpur, Project Special Purpose Vehicle (SPV) has executed the Concession Agreement with the National Highways Authority of India on 09 June 2026.The Rs 603-crore project entails construction of 6-lane access controlled Spur connectivity starting from Ch. 15+100 of Ambala - Chandigarh section of NH 205A and terminating at Ch. 2+500 of Zirakpur Bypass (Total length 10.300 Km) under NH(0) in the state of Punjab

Ceigall India has entered into a definitive agreement to divest its stake in Ceigall Malout Abohar Sadhuwali Highways (CMASH), a road infrastructure project company in Punjab, to Neo Infra Income Opportunity Fund, managed by Neo Alternative Asset Managers. Under the terms of the agreement, Ceigall India and its wholly owned subsidiary, Ceigall Infra Projects, will transfer their shareholding in CMASH to the infrastructure-focused investment fund. The total consideration for the transaction, including cash surplus, is valued at approximately Rs 177 crore. CMASH is a step-down subsidiary of Ceigall India and operates a highway asset in Punjab. For the financial year ended 31 March 2026, the company reported a turnover of Rs 82.69 crore, contributing around 2.1% of Ceigall India`s consolidated turnover. The project company`s net worth stood at Rs 136.11 crore, representing approximately 6.3% of the group`s consolidated net worth.

Ceigall India has been selected for setting up of 100 MW Standalone Battery Energy Storage Systems (BESS) in Punjab under Tariff-Based Global Competitive Bidding through E-Reverse Auction from Punjab State Power Corporation. The project is valued at Rs 250 crore.

Ceigall India has been selected for setting up of 50 MW Standalone Battery Energy Storage Systems (BESS) in Punjab under Tariff-Based Global Competitive Bidding through E-Reverse Auction from Punjab State Power Corporation. The project cost is Rs 125 crore.

Ceigall India announced that the Board of Directors of the Company at its meeting held on 7 May 2026, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 10%) , subject to the approval of the shareholders.