Ceigall India arm gets order worth Rs. 2,160 cr from NHAI

Ceigall Infra Projects Pvt Ltd, a wholly owned subsidiary of Ceigall India received a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for the construction of a fourlane highway project in the state of Bihar under the Hybrid Annuity Mode (HAM).

The project involves the construction of four-laning of the Sahebganj–Areraj–Bettiah section of NH139W, with a total length of 78.942 km, comprising Section 1: Sahebganj to Areraj (38.362 km) and Section 2: Areraj to Bettiah (40.580 km). The project has been awarded to Ceigall Infra Projects Private
Limited, a wholly owned subsidiary of Ceigall India.

The bid project cost is approximately Rs. 2,160 crore, and the project will be executed under the Hybrid Annuity Model. The construction period is 730 days, followed by a 15-year operation and maintenance (O&M) period.

This strategically important highway corridor is expected to significantly improve regional connectivity in Bihar, enhance road safety, and facilitate faster movement of goods and passengers, thereby supporting economic development in the region.

At 10.32 am, Ceigall India was trading at Rs. 299.25, up by 0.89%, with a volume of 6712 lakh shares on the BSE.