One of The Fastest-Growing Engineering, Procurement And
Construction Company (EPC) In Terms of
3-Year Revenue CAGR As of FISCAL 2023
We are an infrastructure construction company with experience in undertaking specialized structural work such
as elevated roads, flyovers, bridges, railway over bridges, tunnels, highways, expressways and runways. We are
one of the fastest growing engineering, procurement and construction (“EPC”) company in terms of three-year
revenue CAGR as of Fiscal 2023, among the companies with a turnover of over ₹ 10,000 million in Fiscal 2023
(Source: CARE Report). We have achieved the highest year-on-year revenue growth of 82.67% in Fiscal 2023
among the peers. We have grown at a CAGR of 37.65% between Fiscals 2020 to 2023 (Source: CARE Report).
Over the last two decades, our Company has transitioned from a small construction company to an established
EPC player, demonstrating expertise in the design and construction of various road and highway projects including
specialised structures across 10 states in India (Source: CARE Report). Our revenue from operations has increased
significantly from ₹ 8,732.02 million in Fiscal 2021 to ₹ 20,681.68 million in Fiscal 2023 and to ₹ 20,857.62
million in the nine months ended December 31, 2023. Our principal business operations are broadly divided into
EPC projects and hybrid annuity model (“HAM”) projects, which are spread over ten states in India.
Our Business
EPC & HAM Projects
EPC and HAM projects, the scope of our services typically includes design and engineering of the project, procurement of raw materials, project execution at site with overall project management up to the commissioning of these projects. Our employee resources and fleet of owned equipment, some of which are under buyback arrangements, and rental equipment, together with our engineering skills and capabilities, enable us to execute a range of projects. We have diversified our geographical presence in construction and development and execution of major multi-lane highway projects with specialised structures in various states of India. We have substantially completed a Six lane access controlled economic corridor in the state of Uttar Pradesh Part stretch Pkg II. This project comprises of 7.52 km of six lane elevated corridor, which is one of the longest six lane elevated highway in India. Also we have been awarded an elevated project in Bihar which when completed shall be one of the longest four lane Elevated Highways.
Ceigall has also entered into the tunnel sector and engaged in construction of a tunnel project in J&K.
This Project majorly constitutes construction of a twin tube tunnel of 6.03 km length in hilly terrain. The scope of
this Project also includes slope protection and rock fall protection work in the areas prone to high rainfall in Ramban district of Jammu and Kashmir
Operation & Maintenance Projects
We have in the past and continue to enter into agreements in relation to operation and maintenance (“O&M”).
We carry out the maintenance of the projects inter alia lighting, electrical, barrier related work pursuant to the
terms of the agreements. Further, under these agreements, road maintenance, road property management and
incident management are the primary obligations. There are certain protocols, technical standards, inspection and
safety standards to be adhered to during the course of the O&M period. We have been engaged as an O&M
contractor to undertake O&M activities thereby assuming the responsibility for asset operation and management. As on December 31, 2023, we have completed 2,158.72 lane kms of O&M projects.
Our Clients
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