Ceigall India bags Rs.705 crore Frontier Highway project in Arunachal Pradesh
New Delhi, Aug. 24 -- Ceigall India, one of India's leading infrastructure development companies, informed investors in its earnings filing today that it had received Letters of Acceptance (LoAs) from the Ministry of Road Transport & Highways (MoRTH) for the construction of a key section of the Lada-Sarli stretch of NH-913, or the Frontier Highway, in Arunachal Pradesh.
The order, worth Rs.704.70 crore, will be executed jointly with Sushee Infra & Mining Limited (SIML), with Ceigall India holding a 74% share and SIML holding the remaining 26% stake in the joint venture.
The project forms part of the development of the Frontier Highway network in Arunachal Pradesh and supports the expansion of critical road connectivity in the region.
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