About Ceigall India Limited

Ceigall India Limited is one of India’s fastest-growing infrastructure companies, with over two decades of experience in the Engineering, Procurement and Construction (EPC) sector. Incorporated in 2002 as Ceigall Builder Private Limited, the company has steadily transformed into a leading EPC powerhouse. Its core business includes designing and executing highways, expressways, elevated corridors, tunnels, flyovers, bridges, metro rail systems, airport runways, and rail-over-bridges.

The company has successfully delivered more than 34 landmark projects, including work under the Government of India’s Bharatmala Pariyojana initiative to improve road connectivity. Ceigall is particularly recognised for its ability to complete projects ahead of schedule, such as the Kartarpur Sahib Corridor and Malout-Abohar HAM project. Its recent expansion into metro rail projects, including Kanpur Metro Line-2 and Agra Metro Line-1, underlines its diversification into urban transport.

As of March 31, 2025, Ceigall’s order book stood at about Rs 1,08,062 million, covering more than 21 projects across nine states. The company follows an asset-light model, optimising its capital use by relying on buy-back arrangements and rentals for specialised equipment.

The group operates through 12 subsidiaries, with six yet to commence operations pending appointed dates from the National Highways Authority of India (NHAI). It also holds a 50% joint venture stake in RK Infra.

Ceigall India Limited Business Segments

Ceigall’s operations are classified mainly into EPC, Hybrid Annuity Model (HAM), and Operations & Maintenance (O&M):

• EPC Projects: The largest contributor, EPC accounted for 75.71% of FY 2024–25 revenue. Projects included highways, bridges, and urban corridors.

• HAM Projects: This segment contributed 23.71%. The model combines public funding with private investment, ensuring stable revenues.

• O&M Projects: A smaller segment at 0.58% of revenue, covering the upkeep of completed projects and providing annuity-like returns.

Additionally, the company’s order book mix was 82.90% highways and elevated roads, 13.33% railways and metro projects, and 3.77% airports, tunnels, bus terminals, and other works.

Ceigall India Limited Key Management

• Ramneek Sehgal – Chairman cum Managing Director

• Chitwon Wason – Whole-Time Director

• Dr. Sudhir Rao Hoshing – Whole-Time Director (from September 1, 2025)

• Kapil Agarwal – Chief Financial Officer

• Megha Kainth – Company Secretary & Compliance Officer

Latest Updates on Ceigall India Limited

• The company also acquired a 50% stake in RK Infra to strengthen project execution capacity.
• Execution milestones included near-completion of Delhi–Saharanpur and Ludhiana–Rupnagar projects, completion of the Bathinda–Dabwali HAM project, and commencement of the Ayodhya Southern Bypass in March 2025. 
• Financial closure was achieved for several new projects with leading banks. In addition, the company expanded into renewable energy by developing solar capacity, aligning with India’s clean energy goals.