Ceigall India L1 for INR 2,149.62 crore NH-913 EPC

Key development

Ceigall India Limited (CIL) has emerged as the lowest (L1) bidder for multiple road works in Arunachal Pradesh under tenders issued by the Ministry of Road Transport and Highways (MoRTH). The contracts relate to National Highway NH-913, also referred to as the Frontier Highway, and are to be executed under the Engineering, Procurement and Construction (EPC) mode. The disclosures indicate that CIL is participating through joint ventures (JVs) with different partners and different equity splits, depending on the package.

One of the identified packages is a INR 274.08 crore bid where CIL is in a 70:30 JV with Rajinder Infrastructure Private Limited (RIPL). Separately, CIL has also been reported as L1 through a JV with Sushee Infra & Mining Limited, where CIL holds a 74% stake and Sushee holds 26%. Across these packages, the work includes construction milestones running into multiple years and a defined post-construction maintenance period.

Package-2 on NH-913: INR 274.08 crore bid with RIPL

CIL has said it emerged as L1 after the financial bid opening for a MoRTH tender identified as Tender ID: 2025_MoRTH_868318_1. The bid opening date mentioned is March 16, 2026. The contract is described as a domestic EPC project.

The scope specified for this package is the construction of a road segment from km 17.812 to km 55.377, noted as Package-2 of the Bile-Migging section of NH-913 (Frontier Highway). The road is to be upgraded to an Intermediate Lane standard in Arunachal Pradesh. The execution timeline indicated for this package is a 48-month construction period, followed by a five-year maintenance period.

For this package, CIL’s quoted bid cost is INR 274.08 crore. The text also notes that this quote is around 46.55% below an estimated project cost of INR 512.78 crore. The company has indicated that the bid would increase its order backlog by INR 274.08 crore, creating a defined revenue line across the construction and maintenance phases.

JV structure: 70:30 with Rajinder Infrastructure

The RIPL package is structured as a JV where CIL holds 70% and RIPL holds 30%. The project is to be managed through the JV framework, combining the partners’ operational capabilities.

While the bid status is described as L1, the information provided focuses on the tender opening, the scope, and the bid value. It also clearly sets out the time horizon of the work, which is relevant for planning resources and tracking execution across a multi-year period.

Sushee Infra JV: NH-913 sections and higher-value packages

Separately, CIL has been reported as L1 through a JV with Sushee Infra & Mining Limited for NH-913 packages in Arunachal Pradesh. The JV shareholding stated is 74:26 in favour of CIL. In one referenced package, the JV’s bid cost is stated as INR 521 crore for the Sarli-Huri section from km 0.000 to km 78.38 of NH-913 to Intermediate Lane under EPC mode.

In addition to the INR 521 crore package, another set of disclosures summarises multiple NH-913 packages and states a combined bid value of INR 2,149.62 crore. The same set of details lists bid costs for three packages: INR 611.10 crore (Sarli-Huri section, km 0 to km 78.38), INR 525.00 crore (Huri-Taliha section, km 55.725 to km 113.25), and INR 492.52 crore (Huri-Taliha section, km 160.75 to km 209.90). It also references the previously disclosed Huri-Taliha package (km 0 to km 55.725) of INR 521 crore.

Timelines: construction and maintenance obligations

The execution timelines provided for the Sushee JV packages indicate long-duration construction schedules paired with a defined maintenance period. The Sarli-Huri package (INR 611.10 crore) is stated to have a 36-month construction period and a five-year maintenance period. The Huri-Taliha package (INR 525.00 crore) is stated to have a 48-month construction period and a five-year maintenance period. The Huri-Taliha package (INR 492.52 crore) is stated to have a 36-month construction period and a five-year maintenance period.

For the RIPL JV package (INR 274.08 crore), the timeline stated is 48 months of construction followed by five years of maintenance. These timelines matter because EPC road contracts typically drive billing and cash flows in line with physical progress and milestone certification, while maintenance obligations add a longer service component.

Summary table of disclosed packages

Market impact: what changes for Ceigall India

The most direct financial implication mentioned is the increase in CIL’s order backlog by INR 274.08 crore due to the Package-2 L1 status under the RIPL JV. A higher backlog can improve revenue visibility because the contract spans a multi-year construction window plus a five-year maintenance period. The disclosures also show that CIL is participating in a wider set of NH-913 packages with larger aggregate bid values through a separate JV, which signals an active pipeline in a single geography and corridor.

Another data point that stands out is the comparison between the INR 274.08 crore quote and the stated estimated cost of INR 512.78 crore, with the quote described as around 46.55% below the estimate. Beyond the headline number, the execution commitments run from 36 to 48 months across packages, which ties up equipment, manpower, and working capital for extended durations.

Why NH-913 matters in Arunachal Pradesh

NH-913, referred to as the Frontier Highway in the information provided, is the corridor on which these packages are located. The works described focus on upgrading road stretches to Intermediate Lane standards under EPC mode. The combination of construction and maintenance is a common structure in MoRTH road contracts, where post-construction performance and upkeep are contractually defined.

The segmentation of the corridor into different packages and kilometre ranges also indicates how large highway programmes are tendered and awarded in parts, enabling multiple bids and multiple contractors across adjacent stretches.

What to watch next

The information provided focuses on the L1 outcome and tender details such as the opening date (March 16, 2026) for Tender ID 2025_MoRTH_868318_1, JV shareholding, package scope, and timelines. The next formal milestones typically involve issuance of the letter of award and subsequent contract execution steps, but no further dates are included in the provided text.

For investors tracking CIL, the key near-term checkpoints from the disclosed information are the progression from L1 status to award, and then the pace of mobilisation and execution across the 36 to 48 month construction periods, alongside the five-year maintenance commitments.