Ceigall India Limited is an infrastructure construction company with expertise in specialized structural projects, including elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and runways.

By July 2024, the company completed over 34 road and highway projects. These projects include project 16 EPC, one HAM project, five O&M projects, and 12 Item Rate Projects. The company has 18 ongoing projects, including 13 EPC projects and five HAM projects. These involve elevated corridors, bridges, flyovers, rail over-bridges, tunnels, expressways, runways, metro projects, and multi-lane highways. As of March 31, 2024, the company has 1,488.17 lane kilometers of ongoing projects and has completed 2,158.72 lane kilometers of O&M projects.

The company specializes in the construction, development, and execution of major multi-lane highway projects with specialized structures in various states of India, including Punjab, Haryana, Rajasthan, Uttar Pradesh, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Delhi, Maharashtra, and Bihar.

Ceigall India Limited won the “Gold Award” at the National Highways Excellence Award, 2020 for the Khemkaran-Amritsar Project. They also received the “Special Award” at the National Highways Excellence Awards, 2021 for the Ramdas Gurdaspur Project, including the Kartarpur Sahib Project.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

• One of the fastest growing EPC companies with an experience in executing specialised structure,
• Healthy order books giving long term revenue visibility,
• Demonstrated project development, execution and operational capabilities
• Efficient business model
• Experienced management team

1. Purchase of equipment;
2. Repayment/ prepayment, in full or in part, of certain borrowings availed by:
   1. The Company; and
   2. The Subsidiary, Ceigall Infra Projects Private Limited

As on FY24 earnings, the IPO is fairly priced. Hence, Investor may subscribe for medium to long term perspective.