Order Win
Ceigall India Emerges as L1 Bidder for ₹330.84 Crore Delhi PWD Road Infrastructure Contract
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Ceigall India Limited has emerged as the L1 (lowest) bidder for a ₹330.84 crore (including GST) road infrastructure project floated by the Public Works Department (PWD), Government of Delhi. The contract involves strengthening and other road works across the South Maintenance Zone for the 2026–27 period.
PRICE-SENSITIVE TRIGGER
Event: Ceigall India declared that it has emerged as the L1 bidder for a Delhi PWD road infrastructure contract.
Type: Order Win / Contract Award (L1 Bidder)
Impact: Positive
Immediate Effect: Being declared the L1 bidder strengthens Ceigall India’s order pipeline, subject to receipt of the formal Letter of Acceptance (LoA) and award of the contract.
Key Metrics:
- Contract Value: ₹330.84 Crore (including GST)
- Estimated Tender Cost: ₹256.46 Crore
- Premium over Estimated Cost: Approximately 29%
- Revenue: Not disclosed
- EBITDA: Not disclosed
- PAT: Not disclosed
- Margins: Not disclosed
- QoQ/YoY Impact: Not disclosed
- Segment Performance: EPC / Road Infrastructure
Highlight:
- The proposed contract carries a value of ₹330.84 crore, making it a meaningful addition to Ceigall India’s infrastructure order book upon formal award.
What Happened ?
Ceigall India Limited informed the stock exchanges that it has emerged as the L1 bidder following the financial bid opening held on June 29, 2026 for Tender ID: 2026_PWD_289374_1 floated by the Public Works Department (PWD), Government of Delhi.
The project relates to strengthening and other road works under the South Maintenance Zone during 2026–27. The company’s quoted bid value stands at ₹330.84 crore (including GST), approximately 29% higher than the estimated tender cost of ₹256.46 crore.
The disclosure has been made under Regulation 30 of the SEBI (LODR) Regulations, 2015.
Key Details
Contract Details:
- Ceigall India has emerged as the L1 bidder for a Delhi PWD infrastructure tender.
- Awarding Authority: Public Works Department (PWD), Government of Delhi
- Tender ID: 2026_PWD_289374_1
- Nature of Contract:
- Strengthening and maintenance works of various roads under the South Maintenance Zone for FY 2026–27.
- Contract Type:
- Item Rate Contract
- Category:
- Domestic Infrastructure Project
- Execution Timeline:
- 375 days construction period.
- 12 months defect liability period after completion.
- 48 months free maintenance period after expiry of the defect liability period.
- Contract Size:
- ₹330.84 crore (including GST).
- Promoter Interest:
- None.
- Related Party Transaction:
- No.
Note:
- The company has only announced its status as the L1 bidder. Formal award and execution remain subject to issuance of the Letter of Acceptance and completion of contractual procedures.
Risk Analysis
Summary:
- While the company has secured the lowest financial bid, the contract has not yet been formally awarded.
Key Risks:
- L1 bidder status does not automatically guarantee final contract award.
- Execution is subject to issuance of the official Letter of Acceptance (LoA).
- Project execution risks include cost management, timelines, and maintenance obligations extending beyond construction.
- Any changes in tender evaluation or administrative approvals could delay contract finalization.
Worst Case:
- If the contract is not formally awarded despite L1 status, the anticipated order book addition and future revenue contribution may not materialize.
Risk Level: Medium
Company Commentary
- Ceigall India has emerged as the L1 bidder after the financial bid opening conducted on June 29, 2026.
- The project pertains to strengthening and maintenance of roads under Delhi PWD’s South Maintenance Zone.
- The quoted bid value is ₹330.84 crore (including GST).
- The disclosure has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Official Exchange Filing: Ceigall India Limited
