Ceigall India Joint Venture Emerges as L1 Bidder for ₹704.70 Crore Frontier Highway Project

Ceigall India Limited (CIL), in partnership with Sushee Infra & Mining Limited (SIML), has emerged as the lowest (L1) bidder for a major infrastructure project awarded by the Ministry of Road Transport and Highways.

The project is structured as a Joint Venture (JV), with Ceigall India Limited holding a dominant 74% stake and Sushee Infra & Mining Limited holding the remaining 26% share.

Key Project Specifications

Awarding Authority: Ministry of Road Transport and Highways (A domestic government entity)

Contract Value: ₹704.70 Crore (Excluding GST)

Contract Type: Engineering, Procurement, and Construction (EPC) mode

Project Scope: Construction of a road section from kilometer 85.60 to kilometer 168.00 of the Lada-Sarli section of NH-913 (Frontier Highway). The scope requires converting the road into an Intermediate Lane.

Geographic Location: Arunachal Pradesh, India

Timelines and Corporate GovernanceThe comprehensive contract includes both construction and long-term operational responsibilities:

Construction Period: 48 Months (4 Years)

Maintenance Period: 5 Years following completion.

Shares of Ceigall India Limited was last trading in BSE at Rs. 365.50 as compared to the previous close of Rs. 369.70. The total number of shares traded during the day was 7951 in over 387 trades.

The stock hit an intraday high of Rs. 374.00 and intraday low of 363.85. The net turnover during the day was Rs. 2930467.00.

Source : Equity Bulls

Keywords

INE0AG901020 CeigallIndia CivilConstruction L1Bidder Partnership SusheeInfraandMining