Bhubaneswar Metro: Ceigall emerges as the lowest bidder

19 Aug 2024 CW Team

In a filing with the exchange, Ceigall India expressed its pleasure at receiving the Letter of Acceptance dated 14 August 2024 for the Bhubaneswar Metro project from Delhi Metro Rail Corporation Limited. The company will be responsible for part of the design and construction of an elevated viaduct and six elevated stations, namely Nandan Vihar, Raghunathpur, NandanKanan Zoological Park, Barang Station, Phulapokhari, and Trisulia Square (excluding architectural finishing), covering a stretch from chainage 15,095.240 metres to 26,052.770 metres, and including a ramp for depot entry as part of Bhubaneswar Metro Phase-I MRTS.

Ceigall India further stated that the order is to be completed within 36 months from 20 August 2024. The company also mentioned that last week it had emerged as the H-1 bidder for the development of Kanpur Central Bus Terminal and the L1 bidder for the Bhubaneswar Metro Project - Phase I, with the combined value of both projects totalling Rs 10 billion.

Ceigall India Limited, founded in 2002, is an infrastructure construction company with expertise in specialised structural projects, including elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and runways.

By July 2024, the company had completed over 34 road and highway projects, which include 16 EPC, one HAM project, five O&M projects, and 12 Item Rate Projects. The company's order book as of 30 June 2024, and for the fiscal years 2024, 2023, and 2022, stood at Rs 94 billion, Rs 92.25 billion, Rs 108 billion, and Rs 63.46 billion, respectively.

At 12:55 PM on 16 August 2024, shares of Ceigall India were trading 5.54% higher at Rs 393.35 per share, while the BSE Sensex was trading 1.20% higher at 80,051.79 points.

On 16 August 2024, shares of infrastructure construction company Ceigall India surged by as much as 5.25%, reaching an intraday high of Rs 392.30 per share. The increase in share price followed the company's announcement that it had secured a letter of acceptance (LoA) after emerging as the lowest bidder for the Bhubaneswar Metro project, awarded by the Delhi Metro Rail Corporation Limited. The project is valued at Rs 8.9 billion, according to a company statement. In a filing with the exchange, Ceigall India expressed its pleasure at receiving the Letter of Acceptance dated 14 August 2024 for the Bhubaneswar Metro project from Delhi Metro Rail Corporation Limited. The company will be responsible for part of the design and construction of an elevated viaduct and six elevated stations, namely Nandan Vihar, Raghunathpur, NandanKanan Zoological Park, Barang Station, Phulapokhari, and Trisulia Square (excluding architectural finishing), covering a stretch from chainage 15,095.240 metres to 26,052.770 metres, and including a ramp for depot entry as part of Bhubaneswar Metro Phase-I MRTS. Ceigall India further stated that the order is to be completed within 36 months from 20 August 2024. The company also mentioned that last week it had emerged as the H-1 bidder for the development of Kanpur Central Bus Terminal and the L1 bidder for the Bhubaneswar Metro Project - Phase I, with the combined value of both projects totalling Rs 10 billion. Ceigall India Limited, founded in 2002, is an infrastructure construction company with expertise in specialised structural projects, including elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and runways. By July 2024, the company had completed over 34 road and highway projects, which include 16 EPC, one HAM project, five O&M projects, and 12 Item Rate Projects. The company's order book as of 30 June 2024, and for the fiscal years 2024, 2023, and 2022, stood at Rs 94 billion, Rs 92.25 billion, Rs 108 billion, and Rs 63.46 billion, respectively. At 12:55 PM on 16 August 2024, shares of Ceigall India were trading 5.54% higher at Rs 393.35 per share, while the BSE Sensex was trading 1.20% higher at 80,051.79 points.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..