1 week ago
Ceigall India JV Wins ₹705 Crore Frontier Highway Contract
Ceigall India and Sushee Infra & Mining will work together to build part of a highway in Arunachal Pradesh.
The project was awarded by the Ministry of Road Transport and Highways.
It covers 82.4 kilometres of the Lada-Sarli section of NH-913, also called the Frontier Highway.
The companies will build the road using an engineering, procurement and construction contract.
They have 48 months to finish the construction.
They must maintain the road for another five years after it is completed.
Ceigall India owns 74% of the joint venture, while Sushee Infra & Mining owns 26%.
The company said the project will strengthen road connectivity in the region.
Reports differ on the value, with two citing ₹704.70 crore and one citing ₹707.40 crore, excluding tax.
Ceigall India and Sushee Infra & Mining received a ₹704.70 crore contract from the Ministry of Road Transport and Highways.
The joint venture will build an 82.4-kilometre section of the Lada-Sarli stretch of NH-913, or the Frontier Highway, in Arunachal Pradesh.
The road will run from kilometre 85.60 to kilometre 168.00 and be constructed to intermediate-lane standards under the EPC model.
Construction is scheduled to take 48 months, followed by a five-year maintenance period.
Ceigall India holds 74% of the venture; the company said this is its fifth NH-913 LoA, taking corridor order wins to ₹2,423.70 crore.
- Who
- Ceigall India Limited and Sushee Infra & Mining Limited, through a joint venture, received the award from the Ministry of Road Transport and Highways.
- What
- Construction and subsequent maintenance of an 82.4-kilometre section of NH-913 under an EPC contract.
- Where
- The Lada-Sarli section, from kilometre 85.60 to kilometre 168.00, in Arunachal Pradesh.
- When
- The award was disclosed to the stock exchanges on August 24, 2026; construction is scheduled for 48 months.
- Why
- The project is part of the Frontier Highway network and is intended to support critical road connectivity in the state.
Company and project rationale
Market and reporting caveats
Project impact
Company and project rationale
Ceigall India said the contract strengthens its road-infrastructure portfolio, regional presence and EPC capabilities. Reports said the highway could improve the movement of people and goods, access to essential services and economic activity.
Market and reporting caveats
The reports do not provide an independent assessment of those expected connectivity or economic benefits.
Contract value
Company and project rationale
Two reports and the regulatory-disclosure account state that the order is worth ₹704.70 crore excluding GST.
Market and reporting caveats
One report gives the value as ₹707.40 crore excluding GST, creating a discrepancy in the published figures.
Share-market response
Company and project rationale
The company’s repeated highway orders and new contract kept its shares on investors’ radar; one report said the stock closed at ₹322.15, up 2.5% on the day.
Market and reporting caveats
Another report said the shares had remained volatile, were down about 5% over one month and had lost a cumulative 20% in less than two months, despite reported gains over longer periods.
Key facts
- Contract value
- ₹704.70 crore excluding Goods and Services Tax according to two reports and the regulatory-disclosure account; one report cited ₹707.40 crore.
- Awarding authority
- Ministry of Road Transport and Highways
- Project section
- Lada-Sarli section of National Highway 913, also known as the Frontier Highway
- Road length
- 82.4 kilometres
- Construction model
- Engineering, Procurement and Construction
- Timeline
- 48 months for construction, followed by five years of maintenance
- Joint venture ownership
- Ceigall India: 74%; Sushee Infra & Mining: 26%
- NH-913 order wins
- Ceigall India said this was its fifth Letter of Acceptance on NH-913, taking cumulative corridor wins to ₹2,423.70 crore.
Quotes
Ramneek Sehgal
Managing director of Ceigall India Limited
“Our partnership with Sushee Infra & Mining Limited brings together complementary capabilities, and we remain committed to delivering the project with a strong focus on execution excellence, quality and timely completion. We look forward to contributing to the development of critical highway infrastructure and strengthening connectivity in the region.”
financialexpress.com
“We are pleased to receive this Letter of Acceptance from the Ministry of Road Transport & Highways for this important section of the Frontier Highway in Arunachal Pradesh. This project further strengthens our presence in the region and reflects our continued focus on expanding our portfolio of strategically important road infrastructure projects.”
livemint.com
Sources
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