Ceigall India Limited, a prominent infrastructure engineering, procurement, and construction (EPC) company, has announced a significant new project in its portfolio. The company has received a Letter of Intent from Himachal Pradesh State Industrial Development Corporation Limited (HPSIDC) for the development of a Bulk Drug Park in Una District, Himachal Pradesh.

Contract Details

The contract, valued at Rs. 225.00 crore, involves several key components:

• Formation cutting
• Construction of internal roads
• Development of storm water drains
• Bridge construction
• Boundary fencing for Phase-I of the project

This project marks an important step in the development of pharmaceutical infrastructure in the region.

Project Specifics

Company Statement

Ceigall India Limited has confirmed that the company's promoters have no interest in the awarding entity, HPSIDC. Additionally, the contract does not involve any related party transactions, ensuring transparency in the project allocation.

Expanding Portfolio

This new contract adds to Ceigall India's growing list of infrastructure projects. Recently, the company's subsidiary, Ceigall Ludhiana Bathinda Greenfield Highway Private Limited, received the appointed date for a Rs. 981.00 crore highway development project from the National Highways Authority of India (NHAI). The project involves the development of a 6-lane access-controlled Ludhiana–Bathinda Greenfield highway section.

Market Position

Ceigall India Limited has been strengthening its position in the infrastructure sector. The company specializes in structural works including elevated roads, flyovers, bridges, railway overbridges, tunnels, highways, expressways, and runways.

With these recent contract wins, Ceigall India continues to demonstrate its capabilities in executing diverse infrastructure projects, contributing to the development of key sectors such as pharmaceuticals and transportation across India.

Ceigall India Limited, a prominent player in India's infrastructure sector, has announced a significant milestone for its subsidiary. The company has received the start date from the National Highways Authority of India (NHAI) for the Ludhiana-Bathinda highway project, valued at ₹981.00 crore.

Project Details

The project involves the construction of a highway connecting Ludhiana and Bathinda, two major cities in the state of Punjab. This development aligns with Ceigall India's strategic focus on expanding its presence in the highway and road construction sector.

Company's Growing Portfolio

Ceigall India has been actively diversifying its project portfolio across various infrastructure segments. According to recent company disclosures, the company's order book stood at ₹10,806.00 crore. The majority of this order book, approximately 82.90%, comprises elevated roads, highways, and specialized structures.

Financial Performance and Order Book

The company has demonstrated strong financial performance, with its consolidated revenue reflecting a 13.80% year-on-year growth. Ceigall India has achieved a remarkable Compounded Annual Growth Rate (CAGR) of 40.00% in its consolidated revenue.

Ceigall India's order book was valued at ₹10,337.00 crore, with the following breakdown:

Future Outlook

Ceigall India continues to secure new projects, having already obtained orders valued at approximately ₹3,855.00 crore in the current financial year. The company has received Letter of Awards (LoA) amounting to ₹431.40 crore and Letters of Intent (LoI) for ₹1,257.00 crore, with the remaining orders in the L1 bidder stage.

The Ludhiana-Bathinda highway project further strengthens Ceigall India's position in the infrastructure sector and contributes to its growing order book. As the company continues to expand its presence across various states and sectors, it remains well-positioned to capitalize on India's infrastructure development initiatives.