Ceigall India Limited announced that its wholly owned subsidiary, Ceigall Infra Projects Private Limited, has emerged as the L1 bidder for a significant highway construction project from the National Highways Authority of India (NHAI). The development was communicated to stock exchanges on January 22, 2026, in compliance with SEBI regulations.

Project Overview

The awarded project involves the construction of 4-laning of Sahebganj Areraj Bettiah section of NH 139W, covering a total length of 78.94 km in the state of Bihar. The project will be executed under the Hybrid Annuity Mode (HAM), a public-private partnership model commonly used for highway infrastructure development.

Project Segments

The highway project is divided into two distinct sections to facilitate efficient execution and management:

• Section 1: Sahebganj to Areraj spanning 38.36 km
• Section 2: Areraj to Bettiah covering 40.58 km

Both sections will be developed simultaneously under the single contract framework, ensuring coordinated development of the entire stretch.

Contract Structure and Timeline

The project follows the Hybrid Annuity Mode structure, where the concessionaire receives partial payments during construction and the remaining through annuity payments during the operations phase. The contract stipulates a construction period of 730 days, approximately two years, followed by a 15-year operations and maintenance period.

Regulatory Compliance

The company confirmed that this contract does not involve any related party transactions and that promoters or group companies have no interest in NHAI. The project award represents a domestic contract with a government entity, strengthening the company's infrastructure portfolio in the highway construction segment.

Ceigall Infra Projects Private Limited's selection as L1 bidder demonstrates the subsidiary's competitive positioning in the highway infrastructure sector and adds substantial value to the parent company's order book.

Ceigall India Limited has secured a major infrastructure contract from Jaipur Metro Rail Corporation Ltd, being declared the L-1 bidder for the elevated viaduct and stations project under Jaipur Metro Phase-II. The company announced this development through a regulatory filing dated January 16, 2026, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.

Project Partnership and Structure

The project will be executed through a joint venture arrangement between Ceigall India Limited and SAM India Builtwell Pvt. Ltd. The partnership structure demonstrates Ceigall's leading role in the consortium:

Project Scope and Technical Specifications

The comprehensive infrastructure project encompasses the design and construction of elevated metro infrastructure across Jaipur. The project covers a substantial 10.8 km stretch, featuring ten strategically located elevated stations. These stations include Prahladpura, Manpura, Bilwa Kalan, Bilwa, Goner Mod, Sitapura, JECC, Kumbha Marg, Haldighati Gate, and Pinjrapole Gaushala.

The technical scope extends from Chainage -600 m to 11400 m, incorporating a spur line towards the depot of Jaipur Metro Phase-II MRTS. The project excludes architectural finishing of the stations, focusing primarily on structural and civil engineering components.

Contract Details and Compliance

The domestic contract represents a significant milestone for Ceigall India Limited's infrastructure portfolio. The company confirmed that this project does not involve any related party transactions and maintains arm's length dealings. Additionally, the promoter group has no interest in Jaipur Metro Rail Corporation Ltd, ensuring transparent business operations.

Strategic Significance

This contract award reinforces Ceigall India Limited's position in the metro rail infrastructure segment. The 34-month execution timeline provides the company with a substantial order book addition, contributing to revenue visibility over the medium term. The project's strategic location in Jaipur, a major urban center, positions the company in a key transportation infrastructure development initiative.

The EPC nature of the contract allows Ceigall to leverage its engineering and construction capabilities across the entire project lifecycle. The item rate contract structure provides operational flexibility while ensuring cost management throughout the execution phase.