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.

Ceigall India Limited (CIL) has announced a significant win for its joint venture in the infrastructure sector. The company's joint venture, CIL-JSPPPL (JV), has been awarded a substantial road construction project by the Greater Mohali Area Development Authority (GMADA) in Aerotropolis, SAS Nagar.

Contract Details

The project, valued at Rs. 509.21 crore, involves the construction of internal roads in Pockets B, C, and D of Aerotropolis, SAS Nagar. The scope of work encompasses civil, public health, and electrical works, highlighting the comprehensive nature of the project.

Joint Venture Structure

The winning joint venture, CIL-JSPPPL (JV), is a collaboration between Ceigall India Limited and JSP Projects Pvt. Ltd. Ceigall India holds a majority stake of 80% in the joint venture, while JSP Projects Pvt. Ltd. holds the remaining 20%.

Project Specifics

According to the Letter of Award, the key details of the project are as follows:

Significance of the Award

This contract represents a notable achievement for Ceigall India's infrastructure division. It not only strengthens the company's order book but also showcases its capability to secure and execute large-scale infrastructure projects.

Regulatory Compliance

In compliance with SEBI regulations, Ceigall India has promptly disclosed this material development to the stock exchanges. The company has assured that the contract does not fall under related party transactions, and there is no interest from the promoter or promoter group in the awarding entity.

The successful bid for this project underscores Ceigall India's growing presence in the infrastructure sector and its ability to contribute to significant urban development initiatives. As the company embarks on this 24-month project, stakeholders will be keenly watching its execution and the potential impact on Ceigall India's financial performance in the coming quarters.