Ceigall India’s Order Book To Surpass Rs 17,000 Crore By March 2025, Says Group CFO Singh

Ceigall India expects its order book to grow to over Rs 17,000 crore by March 2025 with a push from several new orders in the pipeline, the company’s Group Chief Financial Officer Bhagat Singh has said.

Talking to NDTV Profit, Singh revealed that Ceigall India’s current order book level stands at over Rs 12,000 crore, and the company expects a good order pipeline in the last quarter of the current financial year. 

“Normally, it is a trend of the industry that the NHAI (National Highways Authority of India) order book gets more positive for the industry during the last two quarters. So, we are expecting that in the last quarter, we will be able to receive a substantial flow of new tenders from the authority,” he said.

The Ceigall India CFO mentioned that new orders worth Rs 14,000 crore were already in the pipeline for Ceigall India.

“We would be able to witness more (orders) towards metros, railway modernisations, water irrigation projects, new airports, aviation business, etc.,” he said, talking about the nature of the orders. The company at the beginning of the financial year had guided new order inflows worth Rs 5,000 crore.

“We had guided in the initial part of a year that we are expecting an inflow of Rs 5,000 crore during this year, against which we have already received Rs 3,774 crore of new orders from the authority (NHAI) during the first half,” he said.

Singh noted that along with the Rs 14,000 crore orders in the pipeline, Ceigall India will bid for another Rs 15,000 crore to Rs 20,000 crore worth of tenders. 

“In the last quarter, we are expecting a new order flow of close to Rs 5,000 crore to Rs 6,000 crore, which is making my order book close to Rs 17,000 crore plus at the year-end,” he said.

Bhagat Singh mentioned that the order book will be diversified between Engineering, Procurement, and Construction (EPC) and Hybrid Annuity Model (HAM) projects in terms of roads, railways, and metros.

“Last year we closed our financials at Rs 2,952 crore. And this year, we have guided investors with an annual growth rate of 18 to 20%, which we feel we would be able to maintain on a sustainable and growth basis,” Singh said.