What we do Ceigall India Ltd specializes in infrastructure construction, focusing on EPC and HAM projects including roads, highways, bridges, tunnels, and metro systems across India. |
Founded in 2,002 |
Market share Established EPC leader with over 34 projects completed; among top 1000 listed companies in India by market cap. |
Problem solved Addresses India's infrastructure needs by building vital transport corridors, elevated roads, tunnels, and urban transit systems efficiently. |
Top clients or who we serve Primarily serves government agencies like NHAI, PWD, urban metro authorities in B2G segment across multiple Indian states. |
Key management Chairman & MD Ramneek Sehgal (23+ years experience), along with a professional board and leadership team with diverse infrastructure expertise. |
Our journey and innovations From Punjab roads in 2002 to pioneering India's longest elevated highway and Himalayan rail tunnels; IPO and international expansion in 2024-26. |
Where we operate Operations in 12 Indian states including Punjab, Bihar, Uttar Pradesh, J&K, Maharashtra, and expansion in Singapore and planned Middle East presence. |
Top products or what we offer Flagship offerings include EPC infrastructure projects, Hybrid Annuity Model highways, metro rail construction, solar power projects, and transmission infrastructure. |
Top brands Not applicable; known under its own name Ceigall India Ltd, recognized for multiple landmark road and metro projects across India. |
Raw materials needed Concrete, steel, construction materials, tunneling equipment, solar panels for renewables, and electrical components for transmission projects. |
Raw materials supplier Suppliers include local and national vendors specialized in building materials and electrical equipment; detailed names not specified. |
Recurring vs cyclical contribution Primarily cyclical revenues from project execution phases; annuity and O&M projects provide some recurring revenue streams. |
Our industry position Strong position as a mid-sized EPC and HAM player with growing order book and credit ratings IND AA-/A1+. |
Financial highlights FY25 revenue ₹34,367 million, PAT ₹2,866 million; strong EBITDA margin (~15%) and 3.2x book-to-bill ratio indicating robust growth. |
Geographical revenue split Major revenue from Punjab, Bihar, Haryana, Uttar Pradesh, and Jharkhand, with presence in 12 states. |
Order book Order book of Rs 132,681 million as of December 2025, diversified across EPC, HAM, renewables, and metro projects. |
Whats driving growth Government infrastructure schemes, rising budget allocations, strategic diversification into renewables and metro rail, and strong operational execution. |
Our future plans Expanding international footprint via Singapore; pursuing more HAM and metro projects; monetizing mature assets; and entering new infrastructure sectors. |
Our green promise Commitment to sustainability through renewable energy projects and adoption of eco-friendly construction practices aligned with regulations. |
Our people and values Professional, merit-based leadership with focus on governance, employee safety, diversity, and adherence to corporate social responsibility. |
Key challenges ahead Managing project execution risks, timely receipt of concessional approvals, balancing debt levels, and competition in bidding. |
Interesting facts Completed one of India’s longest four-lane elevated corridors and historic Himalayan rail tunnels; IPO raised Rs 1253 crore in 2024. |
Risks and strategy Risks managed via strong internal controls, project monitoring, diversification, and strategic asset monetization to optimize capital and growth. |
