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.
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.
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.
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.
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.
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!
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.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 17, 2026, 9:38 AM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
