Board committee approves security creation and Rs. 61,93,00,000 equity infusion into Bihar highway project SPV
The Management Committee approved two items for the Sahebganj–Areraj–Bettiah highway project SPV, Ceigall Sahebganj Bettiah Highway Limited.
By ScoutQuest · · 2 min read
- Equity Infusion Amount
- Rs. 61,93,00,000
- Ceigall India Shareholding
- 74%
- CIPPL Shareholding
- 26%
- Project Length
- 78.942 km
- Project Location
- NH 139W, Sahebganj–Areraj–Bettiah, Bihar
What was approved
The Management Committee of the Board, acting on powers delegated by the Board, approved two items at its meeting on September 25, 2026:
- Creation of security in connection with the Rupee Term Loan facility sanctioned to Ceigall Sahebganj Bettiah Highway Limited, the project special purpose vehicle, for financing the project.
- Further investment in the Project SPV through equity share capital, and providing loans, securities and guarantees as per the fund requirements.
Money involved
- Rs. 61,93,00,000 (Rupees Sixty-One Crores and Ninety-Three Lakhs only) will be infused as equity share capital by the company along with Ceigall Infra Projects Private Limited (CIPPL), its wholly-owned subsidiary.
- Consideration is in cash, and the acquisition will happen in tranches as per fund requirement of the project.
- Resulting shareholding: 74% by Ceigall India Limited and 26% by CIPPL.
The project behind it
CIPPL was identified as the Selected Bidder vide Letter of Award dated February 11, 2026 from the National Highways Authority of India for construction of 4-laning of Sahebganj–Areraj–Bettiah on NH 139W, total length 78.942 km, in Bihar on Hybrid Annuity Mode. It has two sections: Sahebganj to Areraj (38.362 km) and Areraj to Bettiah (40.580 km).
About the SPV
- Incorporated on February 17, 2026; line of business is infrastructure development, present in India.
- Authorized and paid-up share capital of Rs. 1,00,000/- divided into 10,000 equity shares of Rs. 10/- each.
- Its first financial year runs from incorporation to March 31, 2027, so it has no prior turnover history.
How to read it
This is a routine funding and security step for a highway project already awarded to the group. Equity infusion plus security creation for a term loan is how Hybrid Annuity Mode road projects are typically financed. It commits company funds and support to the SPV, while advancing execution of the awarded work. No governmental or regulatory approvals are required, and the transaction involves no related party other than the subsidiary relationship.
Also from Ceigall India
NHAI notes financial close for subsidiary's Rs. 2,160.00 Crores Bihar HAM highway project
21 Oct 2026
Wholly owned subsidiary signs Transmission Service Agreement with CTUIL for transmission project
19 Oct 2026
Subsidiary receives Provisional Completion Certificate for NH-152G HAM project
19 Oct 2026
More numbers
- Equity infusion into Project SPVRs. 61,93,00,000/-
- Ceigall India stake in SPV74%
- CIPPL stake in SPV26%
- SPV authorized and paid-up capitalRs. 1,00,000/-
- SPV equity shares10,000 equity shares
- Face value per shareRs. 10/-
- Total project length78.942 km
- Section-1 length38.362 km
- Section-2 length40.580 km
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