CECeigall India544223Deal closure update

Completion Certificate received for ₹1,659.84 crore Delhi–Saharanpur Highway stretch

Completion Certificate received for the 16.85-km, six-lane NH-709B stretch from the Delhi/UP Border to the Eastern Peripheral Expressway Junction.

By ScoutQuest · Tue 13 Oct 2026, 5:23 PM IST · 2 min read

Revised estimated project cost

₹1,659.84 crore

O&M per annum

₹2.88 crore per annum, plus escalation

Fit for operation from

September 12, 2024

The company has received a Completion Certificate from the Authority's Engineer for a key stretch of the Delhi–Saharanpur Highway in Uttar Pradesh, executed jointly with Gayatri Projects Limited. The certificate is dated October 12, 2026.

What has been certified

• A 16.85-km, six-lane, access-controlled stretch of NH-709B, from the Delhi/UP Border to the Eastern Peripheral Expressway (EPE) Junction.
• Chainage 14.750 km to 31.600 km.
• The certificate formally certifies the completion of all works forming part of the Project Highway.
• The Authority's Engineer had declared the highway fit for entry into operation with effect from September 12, 2024, within the 30-day cure period following the extended completion date of August 15, 2024.

Project size and scope

• Revised estimated project cost: ₹1,659.84 crore.
• The stretch is for the National Highways Authority of India (NHAI).
• It forms part of the Economic Corridor being developed under Phase I of Bharatmala Pariyojana, the Government of India's flagship programme to improve highway connectivity.

What the company will do next

• The company will undertake Operation & Maintenance of the stretch at ₹2.88 crore per annum, plus escalation.

Timeline of the contract

• Awarded on April 16, 2022.
• Scheduled completion date of November 7, 2023, subsequently extended to August 15, 2024.

What the management said

• Ramneek Sehgal, Chairman & Managing Director, described the Completion Certificate for the Delhi–Saharanpur Highway as an important milestone for the company, adding that access-controlled corridors such as this are critical to regional connectivity and to faster movement of people and goods into the National Capital Region. He also said the project adds to the company's track record of delivering large and complex highway works.

About the company

• An infrastructure developer with over 24 years of EPC expertise and a growing portfolio of long-term assets.
• Incorporated in 2002 and listed on the NSE and BSE in 2024.
• Builds highways, expressways, elevated corridors, flyovers, bridges, railway overbridges, tunnels, metro stations and runways, executing projects under EPC and Hybrid Annuity Model (HAM) formats across 13 states.
• Has diversified into renewable energy through utility-scale solar and Battery Energy Storage System (BESS) projects, and into power transmission.
• Holds long-term and short-term credit ratings of IND AA-/A1+ from India Ratings.

How a reader can look at this

• A completion certificate is a contractual milestone: it marks the formal close of the construction phase of this stretch.
• The update also sets out the annual Operation & Maintenance amount the company will receive for the stretch, which is recurring work rather than one-time construction.
• The stretch is part of a national programme, and the company is one of two entities executing it jointly.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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