Key Highlights
- Ceigall Infra Projects secures ₹2,160 crore NHAI highway project in Bihar.
- Project awarded under Hybrid Annuity Model with 730 days construction timeline.
- 78.942 km four-lane corridor covering Sahebganj–Areraj–Bettiah section of NH-139W.
- Includes 15-year operation and maintenance period post construction.
- Order strengthens Ceigall India’s HAM-based highway portfolio.
Ceigall India Limited has announced that its wholly owned subsidiary, Ceigall Infra Projects Private Limited, has received a Letter of Award (LOA) from National Highways Authority of India for a major highway project in Bihar under the Hybrid Annuity Model (HAM).
The project involves the four-laning of the Sahebganj–Areraj–Bettiah section of NH-139W, spanning a total length of 78.942 kilometres. The corridor is divided into two sections: Sahebganj to Areraj (38.362 km) and Areraj to Bettiah (40.580 km).
The total bid project cost stands at approximately ₹2,160 crore. The construction period has been set at 730 days, followed by a 15-year operation and maintenance (O&M) phase under the HAM framework, ensuring long-term revenue visibility.
Project Scope and Strategic Importance
The four-lane highway corridor is expected to significantly improve regional connectivity in Bihar by enabling faster movement of goods and passengers. The project is also aimed at enhancing road safety standards and supporting logistics efficiency across the state.
The Hybrid Annuity Model structure combines government support with private sector participation, reducing traffic risk exposure while ensuring stable annuity-based returns over the concession period.
Management Commentary
Ramneek Sehgal, Chairman and Managing Director of Ceigall India Limited, stated that the project aligns with the Government of India’s infrastructure development agenda and supports integrated, multimodal growth initiatives.
He emphasized that strengthening national highway networks remains critical for improving logistics efficiency, accelerating economic growth, and enhancing connectivity across regions.
Strengthening Order Book
With this award, Ceigall India further strengthens its order book and reinforces its focus on annuity-based national highway projects. The company continues to expand its presence in the EPC and HAM segments across multiple states.