Ceigall India’s subsidiary Ceigall Ludhiana Bathinda Greenfield Highway has inked a concession agreement with NHAI for a Rs 981 crore six-lane highway project.
 
The highway project entails the development of a six-lane, access-controlled Ludhiana-Bathinda Greenfield highway section of NH-754AD.

This stretch connects the Moga-Barnala Road (NH-703) near the village of Tallewal to the Delhi-Katra Expressway (NE-5) near Ludhiana.
 
It forms part of the Ludhiana-Ajmer Economic Corridor under the Bharatmala Pariyojna Phase-I in Punjab and is being executed on a Hybrid Annuity Mode, the company announced in an exchange filing. The project will be completed within 24 months.

In the second quarter of the 2024-25 financial year (Q2FY25), Ceigall India reported net sales at Rs 809 crore, reflecting a 14 per cent increase compared to Rs 708 crore in the same quarter of the previous year.