Ceigall India JV Emerges L1 Bidder for Arunachal Highway
ROADS & HIGHWAYS

Ceigall India JV Emerges L1 Bidder for Arunachal Highway

Ceigall India Limited's joint venture with Sushee Infra and Mining has emerged as the lowest bidder for a road construction contract with an awarded cost of Rs 7.047 billion (bn). Ceigall India holds a 74 per cent stake in the joint venture while Sushee Infra and Mining holds the remaining 26 per cent. The contract was floated by the Ministry of Road Transport and Highways under competitive bidding.

The scope covers construction of the road from km 85.60 to km 168.00 of the Lada-Sarli section of NH-913, part of the Frontier Highway, to an intermediate lane standard under an engineering, procurement and construction mode. The project carries a construction period of 48 months followed by a five-year maintenance period. The award is being executed under an EPC contractual framework.

Ceigall India stated in a regulatory filing that the contract has been awarded by a domestic entity and that neither the promoters, promoter group nor group companies have any interest in the awarding authority. The company added that the contract does not qualify as a related-party transaction. The joint venture mix reflects a majority holding by Ceigall India.

Ceigall India is an infrastructure engineering, procurement and construction company engaged in highways, expressways, bridges, flyovers, railway overbridges, tunnels and runways. The company executes projects under EPC as well as the Hybrid Annuity Model and has noted a strong track record of timely execution across multiple Indian states. Its consolidated net profit rose 70.85 per cent to Rs 1.266 bn on a 37.06 per cent increase in revenue from operations to Rs 13.8651 bn in the fourth quarter of fiscal year 2026 versus the prior-year quarter.

The scrip declined 2.30 per cent to Rs 371.80 on the BSE following the announcement. The project will strengthen regional connectivity along the Frontier Highway corridor in Arunachal Pradesh.

Ceigall India Limited's joint venture with Sushee Infra and Mining has emerged as the lowest bidder for a road construction contract with an awarded cost of Rs 7.047 billion (bn). Ceigall India holds a 74 per cent stake in the joint venture while Sushee Infra and Mining holds the remaining 26 per cent. The contract was floated by the Ministry of Road Transport and Highways under competitive bidding. The scope covers construction of the road from km 85.60 to km 168.00 of the Lada-Sarli section of NH-913, part of the Frontier Highway, to an intermediate lane standard under an engineering, procurement and construction mode. The project carries a construction period of 48 months followed by a five-year maintenance period. The award is being executed under an EPC contractual framework. Ceigall India stated in a regulatory filing that the contract has been awarded by a domestic entity and that neither the promoters, promoter group nor group companies have any interest in the awarding authority. The company added that the contract does not qualify as a related-party transaction. The joint venture mix reflects a majority holding by Ceigall India. Ceigall India is an infrastructure engineering, procurement and construction company engaged in highways, expressways, bridges, flyovers, railway overbridges, tunnels and runways. The company executes projects under EPC as well as the Hybrid Annuity Model and has noted a strong track record of timely execution across multiple Indian states. Its consolidated net profit rose 70.85 per cent to Rs 1.266 bn on a 37.06 per cent increase in revenue from operations to Rs 13.8651 bn in the fourth quarter of fiscal year 2026 versus the prior-year quarter. The scrip declined 2.30 per cent to Rs 371.80 on the BSE following the announcement. The project will strengthen regional connectivity along the Frontier Highway corridor in Arunachal Pradesh.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code