CEIGALL India Limited announced the incorporation of a new subsidiary, “Ceigall Sahebganj Bettiah Highway Limited,” on February 17, 2026. This entity is a Special Purpose Vehicle (SPV) established to undertake a major infrastructure project. The subsidiary will focus on the 4-laning of Sahebganj Areraj Bettiah NH 139W in Bihar, a 78.942 km Hybrid Annuity Mode contract awarded by the National Highways Authority of India.
Incorporation of New Subsidiary
CEIGALL India Limited confirms the formation of a wholly-owned subsidiary named “Ceigall Sahebganj Bettiah Highway Limited”. The incorporation date for this new entity was February 17, 2026, and it is domiciled in India.
Project Rationale and Scope
The newly formed company functions as a Special Purpose Vehicle (SPV) and its primary line of business is Infrastructure Development Industry. It has been incorporated specifically to execute the project awarded via a Letter of Award (LOA) dated February 11, 2026, from the National Highways Authority of India.
The project involves the “Construction of 4-laning of Sahebganj Areraj Bettiah of NH 139W”, which covers a total length of 78.942 km in the State of Bihar. This work is structured under the Hybrid Annuity Mode and is divided into two sections: Section-1 (Sahebganj to Areraj, 38.362 km) and Section-2 (Areraj to Bettiah, 40.580 km).
Shareholding Details
The transaction for establishing the subsidiary involved a Cash Consideration. CEIGALL India Limited subscribed to the initial capital of the subsidiary, amounting to Rs. 1 Lac. Consequently, the Company, along with its existing subsidiary, holds 100% of the shareholding and control in Ceigall Sahebganj Bettiah Highway Limited.
Source: BSE
