Ceigall India Arm Bags ₹2,160 Crore NHAI HAM Project; Wins 78.94 Km Bihar Highway Contract with 15-Year O&M Tenure

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New Delhi, February 12, 2026, Thursday: Ceigall India Limited (BSE: 544223 | NSE: CEIGALL) has announced that its wholly owned subsidiary, Ceigall Infra Projects Private Limited, has secured a ₹2,160 crore highway project from the National Highways Authority of India under the Hybrid Annuity Model.
The company received a Letter of Award dated February 11, 2026, for the four-laning of the Sahebganj–Areraj–Bettiah section of NH-139W in Bihar, further strengthening its presence in annuity-based national highway projects.

Project Scope and Length​

The project spans a total length of 78.942 km and will be executed in two distinct sections:
SectionStretchLength (km)
Section 1Sahebganj to Areraj38.362
Section 2Areraj to Bettiah40.580
Total78.942 km

Financial Structure and Timeline​

ParticularsDetails
Bid Project Cost₹2,160 crore (approx.)
Mode of ExecutionHybrid Annuity Model
Construction Period730 days
Operation and Maintenance15 years
The project will be executed under the Hybrid Annuity Model, providing structured milestone-based payments during construction followed by annuity income over the O&M period.

Order Book Strengthening​

The addition of this ₹2,160 crore contract further augments Ceigall India’s order book and underlines its continued focus on annuity-based highway projects that offer long-term revenue visibility and sustainable growth.

About Ceigall India Limited​

Ceigall India Limited is an infrastructure engineering, procurement and construction company engaged in the development of highways, expressways, bridges, flyovers, railway overbridges, tunnels, and runways. The company executes projects under both EPC and Hybrid Annuity Model formats and maintains a strong track record of timely execution across multiple states in India.
The company is listed on BSE under scrip code 544223 and on NSE under the symbol CEIGALL.
 

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