Ceigall India Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding receipt of a new contract award.
Contract Details
- Contract Value: ₹704.70 crore (excluding GST)
- Project Location: Arunachal Pradesh
- Project Scope: Construction of road from km 85.60 to km 168.00 of the Lada-Sarli section of NH-913 (Frontier Highway)
- Technical Standard: Intermediate Lane standard
- Execution Mode: Engineering, Procurement and Construction (EPC)
- Construction Period: 48 months
- Maintenance Period: 5 years
Joint Venture Structure
The project will be executed through a joint venture with Sushee Infra & Mining Limited (SIML) with the following shareholding:
- Ceigall India Limited: 74% share
- Sushee Infra & Mining Limited: 26% share
Strategic Significance
The order strengthens Ceigall India's presence in Arunachal Pradesh and adds to its portfolio of strategically important highway projects. The project forms part of the development of the Frontier Highway network in Arunachal Pradesh, supporting the expansion of critical road connectivity in the region.
Management Commentary
Ramneek Sehgal, Managing Director of Ceigall India Limited, stated that the project reflects the company's continued focus on expanding its portfolio of strategically important road infrastructure projects. He emphasized the complementary capabilities brought by the partnership with Sushee Infra & Mining Limited and commitment to execution excellence, quality, and timely completion.
Company Background
Ceigall India Limited is an infrastructure EPC company engaged in development of highways, expressways, bridges, flyovers, railway overbridges, tunnels, and runways. The company executes projects under EPC and Hybrid Annuity Model (HAM) formats and is expanding into renewable energy through utility-scale solar and Battery Energy Storage System (BESS) projects.