Ceigall India Share Price Gains Over 3% on Securing Provisional Certificate for NH-54 Project Worth ₹613.11 Crore

Ceigall India Limited has announced that its subsidiary, Ceigall Bathinda Dabwali Highways Private Limited, has obtained the provisional certificate for the development of the 6-lane Jodhpur Romana to Mandi Dabwali section of NH-54. This project, executed under the Hybrid Annuity Mode, is now fit for commercial operations. 

Provisional Certificate for NH-54 Project 

On December 26, 2025, Ceigall Bathinda Dabwali Highways Private Limited received the provisional certificate for the NH-54 project. This certificate, issued by an Independent Engineer, confirms the project's readiness for commercial operations from December 22, 2025.  

The project involves the development of a 27.40 km stretch from Jodhpur Romana to Mandi Dabwali, located at the Punjab/Haryana border. 

The project was awarded by the National Highways Authority of India (NHAI) and is valued at ₹613.11 crore. It was executed under the Hybrid Annuity Mode, a model that combines the benefits of both EPC (Engineering, Procurement, and Construction) and BOT (Build, Operate, Transfer) models. 

Project Details and Execution Timeline 

The contract for this project was awarded by a domestic entity, the National Highways Authority of India. The appointed date for the project was August 11, 2023, and the provisional commercial operation date was set for December 22, 2025. The project was executed with a bid project cost of ₹613.11 crore. 

Read More: GPT Infraprojects Share Price Jumps Over 3% on Securing ₹670 Crore Contract from NHAI! 

Contractual and Financial Aspects 

The project does not involve any related party transactions, and neither the promoter group nor the group companies have any interest in the entity that awarded the contract. The project details have been uploaded on the company's website for public access. 

Ceigall India Share Price Performance  

As of December 26, 2025, at 3:30 PM, Ceigall India share price on NSE was closed at ₹259.91 up by 3.36% from the previous closing price. 

Conclusion 

Ceigall India Limited's successful acquisition of the provisional certificate for the NH-54 project marks a significant milestone in its infrastructure development efforts. The project, executed under the Hybrid Annuity Mode, is now ready for commercial operations, reflecting the company's commitment to enhancing India's highway infrastructure. 

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