Founded in 2002, Ceigall India Limited is an infrastructure construction company with expertise in specialized structural projects, including elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and runways.[1]
Key Points [ edit ]
Business Profile [1] Ceigall has expertise in constructing state and national highways, specialized structures such as elevated corridors, bridges, flyovers, and rail over-bridges, along with maintenance of highways
Business Model [1] Their operations comprise EPC and HAM projects across 10 Indian states. It also handles independent and contractual O&M projects and subcontracts. In FY24, revenue was 66.05% from EPC, 26.34% from HAM, and 0.32% from O&M.[2]
Project Details [3] The company has completed over 34 projects, including 16 EPC, 1 HAM, 5 O&M, and 12 Item Rate projects in the roads and highways sector. Currently, it has 18 ongoing projects, comprising 13 EPC and 5 HAM projects.
Rapid Growth & Transition [1] They have grown at a CAGR of 50.13% between FY21 and FY24. Over the last two decades, the company has transitioned from a small construction firm to an established EPC player, showcasing expertise in the design and construction of various road and highway projects, including specialized structures.
Enhanced Bidding Capabilities [3] The company is eligible to bid for single NHAI EPC projects up to Rs 5,700 crore and single NHAI HAM projects up to Rs 5,500 crore. Additionally, it is empaneled with the Delhi Metro Rail Corporation Limited for upcoming tenders.
Clientelle [4] Since its inception, Ceigall has executed numerous projects with the Public Works Department (PWD) in Punjab, the National Highways Authority of India, and the Ministry of Road Transport and Highways (MoRTH) through tenders. Other notable public sector clients include IRCON, Military Engineer Services (MES), and Bihar State Road Development Corporation Limited (BSRDCL).
Geographical Revenue Bifurcation [5]
- Punjab: 51%
- Jammu and Kashmir: 14%
- Haryana: 9%
- Himachal Pradesh: 1%
- Maharashtra: 1%
- Bihar: 1%
- Uttar Pradesh: 23%
Strong Order Book [6] Their order backlog stood at Rs 9470.84 crore as of June 30, 2024. This is 3.13 times the FY2024 revenue. As of June 30, 2024, projects awarded by NHAI contributed 80.31% to the Order Book
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