Rs 10,337.40 crore order book: Solar EPC company Secures Major Road Infrastructure Project from GMADA Valued at Rs 509.20 Crores
DSIJ Intelligence-2 / 13 Sep 2025/ Categories: Mindshare, Trending
The stock is up by 25.33 per cent from its 52-week low of Rs 229 per share and down 28.3 per cent from its 52-week high of Rs 425 per share.
Ceigall India Limited has been awarded a major infrastructure project worth Rs 509.20 crores by the Greater Mohali Area Development Authority (GMADA). The company emerged as the lowest (L1) bidder in the financial bid opening held on September 12, 2025.
The contract covers the construction of internal roads in Pocket B, C, and D of Aerotropolis City, SAS Nagar, including civil, public health, and electrical works. The project is valued at Rs 509.20 crores (inclusive of GST), compared to the original estimated cost of Rs 467.93 crores. The project will be executed on an Item Rate basis.
Ceigall India is mandated to complete the construction within 24 months, followed by a Defects Liability Period of 36 months. The contract also requires a performance bank guarantee of 5 per cent.
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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 4,800 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 25.33 per cent from its 52-week low of Rs 229 per share and down 28.3 per cent from its 52-week high of Rs 425 per share.
Disclaimer: The article is for informational purposes only and not investment advice.
Disclaimer: The article is for informational purposes only and not investment advice.