Rs 12,598 Crore Order Book: Road EPC Company Emerges as Lowest Bidder for Rs 2,160 Crore Order from NHAI

Ceigall India Limited has emerged as the L1 bidder for a significant domestic infrastructure project awarded by the National Highways Authority of India (NHAI) for the Construction of a four-lane stretch on NH 139W in Bihar. Valued at Rs 2,160 crore, the contract follows the Hybrid Annuity Mode (HAM) and encompasses a total length of 78.942 km, divided into two sections: Sahebganj to Areraj and Areraj to Bettiah. The project mandate includes a 730-day construction window followed by a long-term 15-year operation and maintenance period, further solidifying the company's footprint in the domestic highway sector.

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 4,000 crore and the Order Book stands at Rs 12,598 crore. The shares of the company have a PE of 19x, an ROE of 21 per cent and an ROCE of 19 per cent. The stock is up by 24 per cent from its 52-week low of Rs 229 per share and down 17 per cent from its 52-week high of Rs 383 per share.

Disclaimer: The article is for informational purposes only and not investment advice.