Subsidiary21 Oct 2026, 03:14 pm
Ceigall India Subsidiary Achieves Financial Close for NHAI Project
AI Summary
Ceigall Sahebganj Bettiah Highway Limited, a subsidiary of Ceigall India Ltd, has received a letter from the National Highways Authority of India (NHAI) noting the financial close for the "Construction of 4 laning of Sahebganj Areraj Bettiah of NH 139-W" project. The project, spanning 78.942 km in Bihar, is being undertaken on Hybrid Annuity Mode (HAM) with a bid project cost of ₹2,160.00 Crores. The construction period is 730 days, followed by a 15-year Operation & Maintenance period. The financial close date was September 15, 2026.
Key Highlights
- Subsidiary achieved financial close for a significant highway project.
- Project involves 4-laning of NH 139-W in Bihar, spanning 78.942 km.
- Project cost is ₹2,160.00 Crores under Hybrid Annuity Mode (HAM).
- Construction period is 730 days with a 15-year O&M phase.
- Financial close achieved on September 15, 2026.
Price Impact
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