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Ceigall India JV bags four road projects worth ₹2,150 crore in Arunachal PradeshCeigall India Ltd and Sushee Infra & Mining Ltd's joint venture won four MoRTH road projects worth ₹2,149.62 crore in Arunachal Pradesh under EPC mode.By Gareema Bangad  March 12, 2026, 2:04:06 PM IST (Published)2 Min ReadCeigall India Ltd on Thursday, March 12, said its joint venture with Sushee Infra & Mining Ltd (SIML) has emerged as the lowest (L1) bidder for four road projects awarded by the Ministry of Road Transport and Highways (MoRTH), with a total bid value of ₹2,149.62 crore.

In its filing with the exchanges, the company said the projects will be executed through the joint venture in which Ceigall India holds a 74% stake, and SIML holds 26%.

The contracts involve the construction of multiple sections of the Sarli–Huri and Huri–Taliha stretches of National Highway 913 (Frontier Highway) in Arunachal Pradesh.

The three newly-announced tenders include projects with bid costs of ₹611.10 crore, ₹525 crore and ₹492.52 crore, respectively.

The projects will be executed under the Engineering, Procurement and Construction (EPC) mode.

Earlier, the company had informed the exchanges that the joint venture had also emerged as the L1 bidder for another MoRTH project involving the construction of the Huri–Taliha section of NH-913, with a bid cost of ₹521 crore.

The projects are expected to have construction periods ranging from 36 to 48 months, along with a five-year maintenance period.

Ceigall India said the contracts have been awarded by a domestic entity and do not fall under related party transactions.

During Q3FY26, the net profit of the company rose 1.2% year-on-year to ₹74.1 crore from ₹73.2 crore in the same period last year. Revenue climbed 19.3% to ₹991 crore from ₹830.5 crore.

EBITDA increased by 12.8% YoY to ₹138.7 crore, though margins narrowed to 14% from 14.8% a year earlier.

Shares of the company were trading 1.51% up at ₹273.10 as of 1.04 pm. The stock has dropped 8.75% in the last month.

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