This Infrastructure Stock is in focus as it has won a bid via its subsidiary worth Rs. 1,063.79 Crore for the development of a 6-lane Greenfield Bypass in Hybrid Annuity Mode.
With a market capitalization of Rs. 4,620 Crore, the stock of Ceigall India opened at Rs. 270.15, up 1.54 percent from yesterday’s close, and after opening, it made a high of Rs. 273.20, up 2.68 percent.
Project Update from Company
The company’s subsidiary (Ceigall Southern Ludhiana Bypass Private Limited) has formed a Concession agreement with NHAI for the Development of a 6-lane Greenfield Southern Ludhiana Bypass from the Intersection with Delhi Katra Expressway.
The Mode will be HAM (Hybrid annuity mode), where the bid made by the company was Rs. 923 Crore, and they had estimated the project cost to be at Rs. 864.97. However, according to the LOA (Letter of Award), the estimated Bid project cost is Rs. 1,063.79 Crore
Financial Highlights
The company reported a 19.56 percent YoY increase in revenue from Rs. 695 Crore in Q3FY24 to Rs. 831 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 7.64 percent in revenue from Rs. 772 Crore in the previous quarter.
Their Net profit saw a decrease of 8.97 percent YoY from Rs. 78 Crore to Rs. 71 Crore for the same period. On a QoQ basis, the company reported an increase of 7.57 percent in Net profit from Rs. 66 Crore in the previous quarter.
Ceigall India Limited was established in 2002 and is based in Chandigarh, Punjab is an Indian infrastructure company primarily engaged in the construction and development of highways, expressways, and related large-scale road projects.
The company specializes in EPC (Engineering, Procurement, and Construction) and Hybrid Annuity Mode (HAM) contracts, working mainly with government bodies like the National Highways Authority of India (NHAI) and state road agencies.
Written By Abhishek Das
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