Ceigall India To End Fiscal With Tenders Worth Rs 30,000 Crore, Says MD

Ceigall India Ltd. expects to close financial year 2024-25 with an clock tenders worth Rs 30,000 crore, Managing Director Ramneek Sehgal told NDTV Profit in a televised interaction.

Sehgal highlighted that Ceigall's order pipeline is quite strong for the next three-and-a-half to four years, which will sustain its revenue growth “without the need to look back.”

“Our current order book stands at Rs 11,700 crore, and we have a strong pipeline for the next four years. We expect to start multiple projects, including in Ayodhya and Jharkhand, in the coming quarters, with the Bathinda Dabwali package starting by the second quarter," he said.

"We have quoted tenders (worth) more than Rs 20,000 crore, and by March 31, we aim to cross Rs 30,000 crore,” the Ceigall MD added.

Sehgal said Ceigall has a track record of delivering projects ahead of the expected timeline, allowing it to accumulate significant bonuses as well. 

“Our Bathinda Dabwali project…we should get a bonus on that. Our first project was completed eight months ahead of schedule, earning a bonus, and we got a bonus in the first quarter of this financial year. Our USP is completing projects ahead of time and getting bonuses,” the top executive said.

Sehgal also discussed a recent order win of Rs 923 crore from the National Highway Authority of India, which is part of a larger Rs 1,900 crore project. The project involves a six-lane Greenfield expressway. 

“We have the second package, Ludhiana-Vadina Package 2, which, along with the first package, totals around Rs 1,900 crore. The project involves a six-lane Greenfield Expressway. Being from Ludhiana, we have a strong local presence and resources. Initially allotted Rs 702 crore, the project faced land acquisition delays, but now over 60% of the land is available. ,” Sehgal added.  

Shares of Ceigall India on Friday closed 1.92% higher at Rs 263.35 apiece on the NSE, compared to 0.69% rise in the benchmark Nifty 50.

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