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What is the business of Ceigall India?

Ceigall India is an infrastructure construction company with experience in undertaking specialized structural work such as elevated roads, flyovers, bridges, railway over bridges, tunnels, highways, expressways and runways. It is one of the fastest growing engineering, procurement and construction (“EPC”) company in terms of three-year revenue CAGR as of Fiscal 2023, among the companies with a turnover of over Rs. 10,000 million in Fiscal 2023. It has achieved the highest year-on-year revenue growth of 82.67% in Fiscal 2023 among the peers. It has grown at a CAGR of 37.65% between Fiscals 2020 to 2023.
Over the last two decades, the Company has transitioned from a small construction company to an established EPC player, demonstrating expertise in the design and construction of various road and highway projects including specialised structures across 10 states in India. Its revenue from operations has increased significantly from Rs. 8,732.02 million in Fiscal 2021 to Rs. 20,681.68 million in Fiscal 2023 and to Rs. 20,857.62 million in the nine months ended December 31, 2023.

Business operations are broadly divided into…

Its principal business operations are broadly divided into EPC projects and hybrid annuity model (“HAM”) projects, which are spread over ten states in India. One of its initial road projects that it executed for the Punjab Public Works Department, Ludhiana division, was awarded in 2006 with an aggregate project cost of Rs. 62.94 million for 20.42 lane km. In 2014, it wa awarded the first four lane highway EPC project from NHAI for 24.08 lane km with a project cost of Rs. 378.10 million and the most recent four lane elevated corridor EPC project, which consists of one of the longest four lane elevated corridor portion of 14.26 kms in India as per CARE Report, was awarded by NHAI with a project cost of Rs. 19,693.90 million and total length of 100.32 lane km.

Eligible to bid

It is eligible to bid for single NHAI EPC projects up to a value of Rs. 35,000.00 million and for single NHAI HAM projects up to a value of Rs. 32,000.00 million. It has been empanelled to participate with the Delhi Metro Rail Corporation Limited in its upcoming tenders involving inter alia construction of railways, mega bridges and tunnels in India and abroad and also with a public sector undertaking for highways, bridges and tunnel construction work in north-eastern states of India, and such empanelment is mutually extendable.
The Company has completed over 34 projects, including 16 EPC and one HAM project, in the roads and highways sector. Currently, the Company has 15 ongoing projects, including 11 EPC projects and four HAM projects which includes elevated corridors, bridges, flyovers.

For more information, click www.ceigall.com

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