Rs 10,337.40 crore order book: Subsidiary of This EPC Company to Begin Work on Rs 981 Crore Highway Project
DSIJ Intelligence-2Categories: Mindshare, Trending
The stock is up by 26 per cent from its 52-week low of Rs 229 per share and down 33 per cent from its 52-week high of Rs 397.95 per share.
Ceigall India Limited announced that its subsidiary, Ceigall Ludhiana Bathinda Greenfield Highway Private Limited, has received the “Appointed Date” from the National Highways Authority of India (NHAI) for a highway project valued at Rs 981 crore. The appointed date is September 29, 2025.
The project involves the development of a 6-lane, access-controlled stretch of the Ludhiana–Bathinda Greenfield highway (NH-754AD), covering 45.243 km from the junction with Moga-Barnala Road (NH-703) near Tallewal to the junction with Delhi-Katra Expressway (NE-5) near Ludhiana. It forms part of the Ludhiana–Ajmer Economic Corridor under Bharatmala Pariyojna Phase-I.
Execution will be under the Hybrid Annuity Model (HAM), with a construction timeline of 730 days and an operation period of 15 years. Ceigall recently also secured a Letter of Award worth Rs 509.20 crore for the Aerotropolis township road development project in Mohali.
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.
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 26 per cent from its 52-week low of Rs 229 per share and down 33 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.