Ceigall India Limited has announced that its subsidiary, Ceigall Sahebganj Bettiah Highway Limited, has achieved financial close for a significant highway development project. The project involves the construction of a 4-laning of the Sahebganj-Areraj-Bettiah stretch of NH 139-W in Bihar. The financial close was noted by the National Highways Authority of India (NHAI) with a bid project cost of Rs. 2,160.00 Crores.
Project Financial Close Achieved
Ceigall India Limited has formally notified stakeholders regarding the financial close of a key infrastructure project undertaken by its subsidiary, Ceigall Sahebganj Bettiah Highway Limited. This development signifies a crucial milestone in the project’s lifecycle, paving the way for commencement and execution.
Project Details and Scope
The project, which has reached financial close, involves the construction of the 4-laning of the Sahebganj-Areraj-Bettiah stretch of NH 139-W, located in the state of Bihar. The total length of this highway corridor is approximately 78.942 km. It is divided into two main sections: Section-1: Sahebganj to Areraj (38.362 km) and Section-2: Areraj to Bettiah (40.580 km).
The project is being undertaken on a Hybrid Annuity Mode (HAM) basis. The total bid project cost for this development is pegged at Rs. 2,160.00 Crores. The construction period is estimated at 730 Days, followed by an operation and maintenance (O&M) period of 15 Years. The financial close date for this project was recorded as 15-09-2026.
The company has also informed that this information has been made available on its official website, www.ceigall.com.
Source: BSE
