The assignment has been awarded under the Hybrid Annuity Mode, under which the government provides partial funding during construction and the remaining investment is recovered through annuity payments. The construction period for the project is 730 days, and the successful bidder will operate and maintain the highway for 15 years after completion. The model is intended to balance public financing and private operation to accelerate delivery.
Ramneek Sehgal, chairman and managing director of Ceigall India, said the project aligns with the Government of India’s PM Gati Shakti vision of integrated and multimodal infrastructure development and will strengthen national highway networks. He indicated that improvements in the highway network are critical to improving logistics efficiency, enhancing regional connectivity, and supporting economic growth. The company expects the project to support its ongoing expansion in core engineering, procurement and construction activities.
In the third quarter of fiscal 2026 Ceigall India reported a rise in consolidated net profit to Rs 724 mn, an increase of over two per cent year on year, and total income rose to Rs 9,911 mn from Rs 8,305 mn in the year ago quarter. As of December 31, 2025 the company’s total order book stood at Rs 13,295.1 mn, providing revenue visibility over the medium term. Ceigall India’s portfolio includes elevated roads, flyovers, bridges, railway overbridges, tunnels and runways, and the share price has risen by 21.46 per cent in the past six months.