Ceigall India Highway Project Achieves 90.03% Physical Progress Under HAM Model
Ceigall India Limited's subsidiary has achieved 90.03% physical progress on the ₹6,840.00 million Jalbehra Shahbad Greenfield Highway project in Haryana. The Independent Engineer has recommended this milestone to NHAI for the 22.850 kilometer highway project being executed under the Hybrid Annuity Mode. The project, part of Bharatmala Pariyojana Phase I, maintains its timeline without delays and represents significant infrastructure development with a total financing structure involving NHAI contribution of ₹3,228.50 million and term loan of ₹2,920.00 million.
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Ceigall India Limited has reported substantial progress on its major highway infrastructure project in Haryana, with its subsidiary achieving a significant milestone under the Hybrid Annuity Mode (HAM) framework.
Project Progress Milestone
The company's subsidiary, Ceigall Jalbehra Shahbad Greenfield Highway Private Limited (SPV), has achieved 90.03% physical progress on the Construction of 4 Lane Greenfield Jalbehra Shahbad Section of NH 152G project. The Independent Engineer (IE) has recommended this progress milestone to the National Highway Authority of India (NHAI) through a letter dated 18.02.2026, determining the Physical Progress as 90.03% towards Payment milestone – 10 for the SPV.
Project Specifications
The infrastructure project involves comprehensive highway development under the Bharatmala Pariyojana Phase I initiative:
| Parameter: | Details |
|---|---|
| Project Name: | Construction of 4 Lane Greenfield Jalbehra Shahbad Section of NH 152G |
| Route Coverage: | Start from Km 0+000 to Km 22+850 |
| Location: | Haryana State |
| Execution Model: | Hybrid Annuity Mode |
| Total Length: | 91.40 lane km (approx.) |
| Bid Project Cost: | ₹6,840.00 million |
Financial Structure and Timeline
The project operates under a well-structured financial framework with multiple funding sources and defined operational parameters:
| Financial Aspect: | Amount/Details |
|---|---|
| NHAI Contribution: | ₹3,228.50 million |
| Term Loan (Union Bank): | ₹2,920.00 million |
| Equity Infused: | ₹554.07 million |
| Construction Period: | 730 days from Appointed Date |
| Operations & Maintenance: | 15 years |
Project Development Timeline
The highway project has maintained its scheduled progress without delays:
- Concession Agreement Date: December 20, 2022
- Appointed Date: June 2, 2023
- Award Date: June 2, 2023
- Current Physical Progress: 90.03%
The project forms part of the Shahbad - Thol Feeder Route and represents a significant infrastructure development under the government's Bharatmala Pariyojana Phase I program. The achievement of 90.03% physical progress indicates the project is nearing completion, with the SPV structure enabling efficient project execution and milestone-based progress tracking.
This development was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, reflecting the company's commitment to transparent reporting of material project developments.
Historical Stock Returns for Ceigall India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.09% | -1.47% | +4.26% | +18.38% | +14.05% | -24.73% |
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