Ceigall India Limited, a prominent player in the infrastructure sector, has taken a significant step towards international expansion by establishing a new wholly-owned subsidiary in Singapore. The company announced the successful incorporation of Ceigall Global Pte. Ltd., registered with the Accounting and Corporate Regulatory Authority (ACRA) of Singapore.

Key Details of the New Subsidiary

Strategic Objectives

The establishment of Ceigall Global Pte. Ltd. marks a pivotal move for Ceigall India as it seeks to expand its presence in the international infrastructure market. The new entity is expected to:

1. Strategically invest in infrastructure and allied activities globally
2. Explore potential acquisitions, tie-ups, and joint ventures in Singapore
3. Pursue investment opportunities across various countries
4. Engage in road and railway construction projects
5. Participate in other related development sectors

This expansion aligns with Ceigall India's broader strategy to diversify its portfolio and tap into the infrastructure needs of the Asia-Pacific region and beyond.

Regulatory Compliance

The incorporation of Ceigall Global Pte. Ltd. is subject to regulatory approvals as per Singaporean law. This move follows Ceigall India's board approval on November 11, 2025, which also included plans for a step-down subsidiary in Dubai, United Arab Emirates.

Market Implications

This strategic expansion into Singapore positions Ceigall India to leverage the city-state's status as a global financial hub and gateway to Southeast Asian markets. By establishing a presence in Singapore, the company aims to enhance its ability to participate in international infrastructure projects and potentially access new sources of capital.

As infrastructure development continues to be a key driver of economic growth in many regions, Ceigall India's international expansion could open up new avenues for growth and diversification of its project portfolio.

Ceigall India Limited , a leading infrastructure development company, has reported a muted performance for the second quarter of fiscal year 2026, primarily due to prolonged monsoon conditions. Despite the challenges, the company maintains a strong order book and is optimistic about its future growth prospects.

Q2 FY26 Financial Highlights

• Standalone revenue declined to ₹7,870.00 million in Q2 FY26 from ₹8,097.00 million in Q2 FY25
• EBITDA stood at ₹918.00 million with a margin of 11.7%
• Profit After Tax (PAT) reached ₹559.00 million with a margin of 7.1%

H1 FY26 Performance

For the first half of FY26, Ceigall India reported:

• Standalone revenue of ₹16,053.00 million, a modest 1.4% year-on-year growth
• EBITDA of ₹1,853.00 million with a margin of 11.5%
• PAT of ₹1,118.00 million with a margin of 7.0%

Robust Order Book and Diversification

Ceigall India maintains a strong order book of ₹12,598.00 crore across 26 projects, showcasing its diverse portfolio:

The company has successfully ventured into high-potential markets, securing orders worth ₹3,747.00 crore in renewable energy, transmission & distribution, and industrial infrastructure sectors during H1 FY26.

Strategic Initiatives and Future Outlook

Ramneek Sehgal, Chairman and Managing Director of Ceigall India, stated, "We are actively exploring avenues to expand our footprint in different segments. Our commitment to investing in advanced construction methodology and cutting-edge equipment positions us perfectly to meet the growing demands of infrastructure development."

Key strategic initiatives include:

1. Diversification into renewable energy and transmission & distribution sectors
2. Exploration of international opportunities in GCC countries, EU, and Singapore
3. Integration of AI and data-driven tools across various functions to enhance operational efficiency

Challenges and Mitigations

The company faced challenges due to prolonged monsoons, which affected timely delivery of materials and equipment. However, Ceigall India remains confident in achieving its targeted 10-15% revenue growth for FY26, banking on improved execution in Q3 and Q4.

Debt Position and Future Investments

As of September 30, 2025:

• Standalone total debt: ₹6,148.00 million (down from ₹6,359.00 million in March 2025)
• Consolidated total debt: ₹13,412.00 million (down from ₹13,967.00 million in March 2025)
• Consolidated debt-to-equity ratio: 0.7x (improved from 0.8x in H1 FY25)

The company plans to invest approximately ₹788.00 crore in equity for HAM projects over the next 2.5 years and about ₹600.00 crore in T&D and renewable energy projects.

Ceigall India's strategic diversification, robust order book, and focus on emerging sectors position it well for future growth, despite short-term challenges. The company's commitment to maintaining consistent margins while exploring new opportunities reflects a balanced approach to sustainable long-term performance in the infrastructure sector.