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Ceigall India bags ₹1,199 crore Ayodhya bypass project from NHAIThe contract involves the construction of a 4/6 lane northern Ayodhya bypass with a total length of 35.40 km in Uttar Pradesh. Shares of Ceigall India Ltd ended at ₹271.45, up by ₹17.80, or 7.02%, on the BSE.By Jomy Jos Pullokaran   July 1, 2025, 11:58:51 PM IST (Updated)2 Min ReadInfrastructure company, Ceigall India Limited, on Tuesday (July 1), said its subsidiary, Ceigall Northern Ayodhya Bypass Private Limited, has secured a ₹1,199.30 crore road project from the National Highways Authority of India (NHAI). The contract involves the construction of a 4/6 lane northern Ayodhya bypass with a total length of 35.40 km in Uttar Pradesh.

"...we are pleased to inform you that Ceigall Northern Ayodhya Bypass Private Limited, a subsidiary of the Company, has received a letter dated 1* July, 2025 from National Highways Authority of India, notifying 09® July, 2025 as the “Appointed Date” for the Project," according to a stock exchange filing.

The project includes Part-1 north of NH-27 from km 0+000 to km 30+400 (starting near existing km 112+540 and ending at km 139+928 of NH-27), and Part-2 south of NH-27 from km 0+000 to km 5+000. The project will be executed under the Hybrid Annuity Mode (HAM) as part of NHDP Phase-VII.

Also Read: Strong orders and debt reduction fuel Ceigall India's post-IPO growth, says CEO

In March this year, Ceigall India said it had received a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for the development of a six-lane greenfield southern Ludhiana bypass.

The project, awarded under the Hybrid Annuity Mode (HAM), is part of the Ludhiana-Ajmer Economic Corridor in Punjab. The contract entails developing a 25.24 km stretch from NH44 near Village Rajgarh to the Delhi-Katra Expressway (NE 5) near Village Ballowal.

The estimated project cost is ₹864.97 crore, while the bid project cost, as per the LOA, stands at ₹1,063.79 crore. Ceigall India secured the project with a bid price of ₹923 crore, with a completion timeline of 24 months.

Also Read: Ceigall India shares surge 7% on ₹981-crore project win

Shares of Ceigall India Ltd ended at ₹271.45, up by ₹17.80, or 7.02%, on the BSE.Continue ReadingFirst Published: Jul 1, 2025 11:57 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsNHAIshare market today