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

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

Infrastructure Urban

13 Oct 2025

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

Technology

13 Oct 2025

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..