Ceigall India Share Price in Focus; Declared L-1 Bidder For ₹918 Crore Jaipur Metro Rail Project

Ceigall India Limited informed stock exchanges on January 16, 2026, that it has been declared the L-1 bidder for a Jaipur Metro Rail Corporation Ltd project.  The contract relates to works under Jaipur Metro Phase-II and involves elevated metro infrastructure.  

Project Execution Structure 

The project will be carried out through a joint venture between Ceigall India Limited and SAM India Builtwell Pvt. Ltd.. As per the disclosed terms, Ceigall holds a 74% share in the joint venture, while SAM India Builtwell holds 26%. The contract has been awarded by a domestic public-sector entity following a competitive bidding process.  

Contract Value and Tenure 

The bid cost for the project is ₹918.04 crore. The contract has been classified as an Engineering, Procurement and Construction (EPC) and item rate contract. According to the filing, the execution period for the work is 34 months. The company has stated that the contract does not involve any related party transactions.  

Scope of Work 

The scope includes the design and construction of an elevated viaduct along a stretch of about 10.8 km. It also covers the construction of ten elevated stations.  

These stations are Prahladpura, Manpura, Bilwa Kalan, Bilwa, Goner Mod, Sitapura, JECC, Kumbha Marg, Haldighati Gate and Pinjrapole Gaushala. Architectural finishing works at the stations are excluded from the contract.  

Technical Coverage 

The construction limits extend from Chainage, 600 metres to 11,400 metres. The contract also includes a spur line leading towards the depot of Jaipur Metro Phase-II MRTS. The company has confirmed that its promoters or promoter group entities do not have any interest in the awarding authority.  

Ceigall India Share Price  

As of January 16, 2026, 3:30 pm, Ceigall India share price closed at ₹280, a 0.81% increase from the previous close. 

Read More: Ceigall India Share Price Jumps Over 3% as its Subsidiary Secures ₹1,089 Crore HAM Highway Project! 

Conclusion 

With the L-1 bidder status, the Ceigall-led joint venture is in line to undertake the specified civil and structural works for Jaipur Metro Phase-II. The project is planned to be executed over a 34-month period, subject to final contract formalities. 

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