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

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Resources

16 Sep 2025

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Real Estate

16 Sep 2025

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..