Ceigall India Limited, through its wholly owned subsidiary Ceigall Infra Projects Private Limited, has secured a Rs 6030 million (Rs 6030 mn) contract from the National Highways Authority of India to construct a 10.3 km six-lane access-controlled spur road in Punjab linking the Ambala-Chandigarh section of NH-205A to the Zirakpur Bypass. The order was awarded on 27 March 2026 under the Hybrid Annuity Mode and includes an 18-month construction schedule. The contract further comprises a 15-year operation-and-maintenance obligation intended to provide long-term revenue visibility. The project will be executed under the Hybrid Annuity Mode which blends government support with private execution, and the scope is expected to reinforce the company’s presence in national highway development. The award was issued to the company’s wholly owned subsidiary and expands its highways pipeline in both engineering, procurement and construction and hybrid annuity formats. Company management indicated that the win demonstrates continued trust from the highway authority in its delivery capabilities and aligns with the strategy to scale up the highways portfolio. The order adds to Ceigall India’s growing order book and is likely to improve execution scale as infrastructure spending remains a central government priority. Market observers view such contracts as enhancing revenue visibility for the construction firm over the short and medium term, given the extended maintenance period attached to the award. The combination of a sizeable upfront construction contract and recurring maintenance payments under the annuity structure is expected to underpin the firm’s cash flow profile. The company will proceed with project mobilisation and detailed planning ahead of construction and will integrate the work into its existing project management processes. The development underscores ongoing momentum in the highways sector and the continued appetite of public agencies for private sector participation in road infrastructure. Stakeholders will monitor implementation timelines and quality metrics as indicators of the firm’s execution performance.