Mumbai, Feb. 12 -- The company's wholly owned subsidiary, Ceigall Infra Projects, has received a Letter of Award from the National Highways Authority of India for a highway project in Bihar.

The project involves four-laning of the Sahebganj-Areraj-Bettiah section of NH-139W in Bihar, with a total length of 78.942 km. The stretch comprises Section 1 from Sahebganj to Areraj covering 38.362 km and Section 2 from Areraj to Bettiah covering 40.580 km.

The bid project cost is approximately Rs 2,160 crore, and the project will be executed under the Hybrid Annuity Mode (HAM). The construction period is 730 days, followed by a 15-year operation and maintenance period.

The company said the corridor is expected to improve regional connectivity i...