Rs 10,000+ crore order book: EPC company bags new order worth Rs 509,20,80,359 from Greater Mohali Area Development Authority (GMADA)
DSIJ Intelligence-1 / 26 Sep 2025/ Categories: Mindshare, Trending
The stock is up by 23.6 per cent from its 52-week low of Rs 229 per share and down 29 per cent from its 52-week high of Rs 397.95 per share.
Ceigall India Limited (CIL) has announced, in compliance with SEBI regulations, that its Joint Venture (JV), CIL–JSPPPL, has been awarded a significant contract by the Greater Mohali Area Development Authority (GMADA). The JV, in which CIL holds an 80 per cent share and JSP Projects Pvt Ltd (JSPPPL) holds 20%, received the Letter of Award. This domestic order involves the Construction of the Internal Road of Pocket B, C & D of Aerotropolis S.A.S Nagar, covering Civil, Public Health, and Electrical Works. This is a substantial project for the company, valued at an estimated Rs 509,20,80,359.
The contract operates as an Item Rate Contract and is expected to be executed within a timeframe of 24 months. Key financial terms of the agreement include a Performance Security of 5 per cent and a Retention amount of 5 per cent. The nature of the order is an approval of allotment for the construction work detailed above. This development is a major positive update for Ceigall India Limited, adding a significant infrastructure project to their portfolio within the domestic market.
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About the Company
Established in 2002, Ceigall India Limited stands as an infrastructure construction company with a strong focus on specialised structural projects. Their expertise encompasses the construction of vital transportation infrastructure, including elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and runways. Beyond new construction, Ceigall also undertakes the maintenance of state and national highways, demonstrating a comprehensive approach to infrastructure development and upkeep.
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In its annual results, the net sales increased by 13.5 per cent to Rs 3,437 crore while net profit decreased by 5.6 per cent to Rs 287 crore in FY25 compared to FY24. The company has a market cap of over Rs 4,700 crore and the order book stands at Rs 10,337.40 crore. The shares of the company have a PE of 16x, an ROE of 21 per cent and an ROCE of 22 per cent. The stock is up by 23.6 per cent from its 52-week low of Rs 229 per share and down 29 per cent from its 52-week high of Rs 397.95 per share.
Disclaimer: The article is for informational purposes only and not investment advice.