Ceigall India Limited has officially declared the establishment of a new wholly-owned subsidiary, Ceigall Sahebganj Bettiah Highway Limited, effective February 17, 2026. This Special Purpose Vehicle (SPV) was created in India with an initial cash investment of Rs 1 lakh to undertake a major infrastructure project awarded by the National Highways Authority of India (NHAI).
The project entails the four-laning of a 78.942 km segment of NH 139W in Bihar, specifically linking Sahebganj, Areraj, and Bettiah under the Hybrid Annuity Mode (HAM). As a direct subsidiary, this entity will concentrate solely on the construction and development of this vital highway corridor, thereby expanding the parent company’s presence in the infrastructure sector. In a concurrent operational update, the company has reported significant advancements on the Jalbehra Shahbad Greenfield Highway project in Haryana.
As of February 18, 2026, the Independent Engineer has confirmed that the project—carried out through the subsidiary Ceigall Jalbehra Shahbad Greenfield Highway Private Limited—has achieved a physical progress milestone of 90.03 percent.
This progress activates Payment Milestone 10 for the 22.850 km stretch of NH 152G. Initially awarded under the Bharatmala Pariyojana Phase I with a bid amount of ₹6,840 million, the project continues to adhere to its 730-day construction timeline, bolstered by a combination of NHAI funding, promoter equity, and term loans from Union Bank.
