Latest news with #CeigallIndia
Business Standard
3 days ago
- Business
- Business Standard
Ceigall India emerges as L1 bidder for Rs 58.5 cr project
Ceigall India announced that it has emerged as lowest (L1) bidder for a Rs 58.5 crore project awarded by REC Power Development and Consultancy (RECPDC) for establishment of the 400/220 KV Velgaon substation near Palghar. The company has been selected as transmission service provider for the establishment of the 400/220 kV Velgaon substation (GIS) through tariff based competitive bidding process. The project is scheduled to be completed within 24 months, with an operation and maintenance period of 35 years. Ceigall India is an infrastructure engineering, procurement, and construction (EPC) company undertaking specialized structural works such as elevated roads, flyovers, bridges, railway overbridges, tunnels, highways, expressways, and runways. The principal business operations are broadly divided into EPC projects and hybrid annuity model (HAM) projects. The company's consolidated net profit declined 31.99% to Rs 74.10 crore even as revenues rose by 7.21% to Rs 1,011.61 crore in Q4 FY25 as compared with Q4 FY24. The scrip declined 2.24% to settle at Rs 268 on the BSE.
Business Standard
02-07-2025
- Business
- Business Standard
Ceigall India edges higher after subsidiary receives appointed date from NHAI
Ceigall India advanced 3.32% to Rs 280.45 after the company announced that its subsidiary Ceigall Northern Ayodhya Bypass has received the appointed date for a project worth Rs 1,199.30 crore from National Highways Authority of India. This contract is for building a 4-lane or 6-lane Northern Ayodhya Bypass in Uttar Pradesh. The entire bypass will be 35.40 kilometers long. The project is divided into two parts. Part-1 is located north of NH-27, spanning 30.40 kilometers. Part-2 is south of NH-27, covering 5 kilometers. This work is being executed on a hybrid annuity mode (HAM) basis, a funding model where the government pays the contractor partly during construction and the rest over time. This project falls under the NHDP Phase-V-II scheme, a national highway development program. Ceigall Northern Ayodhya Bypass has received 09th July 2025 as the appointed date for this project. Ceigall India is an infrastructure engineering, procurement, and construction (EPC) company undertaking specialized structural works such as elevated roads, flyovers, bridges, railway overbridges, tunnels, highways, expressways, and runways. The principal business operations are broadly divided into EPC projects and hybrid annuity model (HAM) projects. The company's consolidated net profit declined 31.99% to Rs 74.10 crore even as revenues rose by 7.21% to Rs 1011.61 crore in Q4 FY25 as compared with Q4 FY24.
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Business Standard
02-07-2025
- Business
- Business Standard
Ceigall India share jumps 6% as arm bags order worth ₹1199.30-cr from NHAI
Ceigall India share price: Ceigall India shares were buzzing in trade on July 2, 2025, with the stock rising up to 6.24 per cent to hit an intraday high of ₹288.40 per share. At 10:32 AM, Ceigall India shares continued to trade higher, up 2.08 per cent at ₹277.10 per share. In comparison, BSE Sensex was trading flat with a negative bias at 83,641.72 levels. Why did Ceigall India share price rise in trade today? Ceigall India share price rose after the company said its subsidiary, Ceigall Northern Ayodhya Bypass Private Limited, has secured a contract worth ₹1,199.30 crore from National Highways Authority of India (NHAI). In an exchange filing, Ceigall India said, 'We are pleased to inform you that Ceigall Northern Ayodhya Bypass Private Limited, a subsidiary of the Company, has received a letter dated July 1, 2025 from National Highways Authority of India, notifying July 9, 2025 as the 'Appointed Date' for the Project.' Under the terms of the projects, Ceigall India will be responsible for construction of 4/6 Lane Northern Ayodhya Bypass total length of 35.40 kms of Part-1 north of NH-27, from km 0+000 to km 30+400 (starting near existing km 112+540, ending at km 139+928 of NH-27) and Part-2 south of NH-27 from km 0+000 to km 5+000 of total length 35.400 on HAM basis under NHDP Phase-V-II in the State of Uttar Pradesh. Ceigall India Q4 results The company's consolidated revenue from operations came in at 1011.6 crore (Q4FY25), as against 931.9 crore in the same quarter a year ago (Q4FY24). Ceigall India's profit after tax (PAT) dropped ₹72.4 crore in Q4FY25, from ₹108.1 crore in the same quarter a year ago. At the operating level, earnings before interest, tax, depreciation and amortisation (Ebitda) came in at ₹127.9 crore in Q4FY25, down from ₹152.6 crore in Q4FY24. Subsequently, Ebitda margin squeezed to 12.64 per cent in Q4FY25, from 16.38 per cent in Q4FY24. On Q4 results, Ramneek Sehgal, managing director of Ceigall India said, 'We are delighted to report a steady performance for the period ending FY25. Our consolidated revenue from operations (excluding bonus & royalty) increased by 13.8 per cent to ₹3417.9 crore. For the same period, our Ebitda and PAT stood at ₹499.5 crore and ₹286.6 crore, respectively. As of March 31, 2025, our total order book stands at 10,806.2 crore, reflecting a healthy book-to-bill ratio. This includes a composition of 85.4 per cent from roads, highways, flyovers, tunnels, 13.3 per cent from railways & metros, and 1.3 per cent from bus terminals.' About Ceigall India Ceigall India is among the fastest-growing engineering, procurement, and construction (EPC) companies in India, based on its three-year revenue CAGR as of FY24. In FY24, the company reported a year-on-year (Y-o-Y) revenue growth of approximately 43.1 per cent, one of the highest among its peers. Ceigall has successfully completed over 34 infrastructure projects, including 16 EPC, one Hybrid Annuity Model (HAM), five Operation & Maintenance (O&M), and 12 Item Rate contracts, primarily in the roads and highways sector. Currently, the company is executing 22 projects, comprising 14 EPC, 1 Build-Operate-Transfer (BOT), and 7 HAM projects. These span a wide range of infrastructure segments, including elevated corridors, bridges, flyovers, rail overbridges, tunnels, expressways, runways, metro systems, and multi-lane highways.
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Business Standard
19-05-2025
- Business
- Business Standard
Ceigall India board approves C&C Construction merger to boost infra play
Ceigall India on Monday said its board has approved the merger of wholly-owned subsidiary Ceigall Infra Projects with publicly listed C&C Construction to enhance business efficiency. Ceigall India, an infrastructure construction firm, in a statement said post the merger, Ceigall India will hold up to 95 per cent of the merged entity, with plans to reduce its stake to 75 per cent in line with Sebi regulations. The proposed merger, subject to approval by the National Company Law Tribunal (NCLT), aims to revive C&C Construction, which was earlier under liquidation. The merger also aims to integrate C&C Construction's capabilities in transmission, distribution, railways, bridges, and building construction into Ceigall's broader infrastructure portfolio, it added. The merger will result in administrative and operational rationalization, enhance business efficiency, flexibility, and agility, positioning the transferee company for sustainable growth," Ceigall India said in a BSE filing. According to the filing, while Ceigall India is well capitalised, the proposed merger will allow Ceigall Infra to garner more equity from the investors, which will enable the parent company to not only meet existing equity commitment but also provide equity for future HAM projects. The acquisition of a listed company is also expected to improve Ceigall Infra's visibility and attract more institutional interest, it added. Ceigall Infra has a turnover of approximately Rs 115 crore and a net worth of Rs 64 crore.
Business Standard
09-05-2025
- Business
- Business Standard
Ceigall India consolidated net profit declines 31.99% in the March 2025 quarter
Sales rise 7.21% to Rs 1011.61 crore Net profit of Ceigall India declined 31.99% to Rs 74.10 crore in the quarter ended March 2025 as against Rs 108.96 crore during the previous quarter ended March 2024. Sales rose 7.21% to Rs 1011.61 crore in the quarter ended March 2025 as against Rs 943.59 crore during the previous quarter ended March 2024. For the full year,net profit declined 3.96% to Rs 294.02 crore in the year ended March 2025 as against Rs 306.14 crore during the previous year ended March 2024. Sales rose 13.45% to Rs 3436.73 crore in the year ended March 2025 as against Rs 3029.35 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1011.61943.59 7 3436.733029.35 13 OPM % 12.6417.41 - 15.0817.09 - PBDT 114.08146.56 -22 440.25460.34 -4 PBT 97.93130.61 -25 384.59405.35 -5 NP 74.10108.96 -32 294.02306.14 -4
