7 days ago listed civil construction company bags new order worth Rs 898,99,99,999.07 from Delhi Metro Rail Corporation Ltd

Kiran Shroff
/ Categories: Trending, Mindshare
7 days ago listed civil construction company bags new order worth Rs 898,99,99,999.07 from Delhi Metro Rail Corporation Ltd

The shares of the company have a PE of 23.3x, an ROE of 40 per cent and an ROCE of 30 per cent.

Ludhiana-based infrastructure construction company, Ceigall India Limited has secured a Rs 898,99,99,999.07 contract from Delhi Metro Rail Corporation Limited to design and construct elevated viaducts and six stations for the Bhubaneswar Metro project. This significant win is part of the Odisha government's broader plan to improve urban mobility and reduce congestion in the city through an extensive metro rail network, with Ceigall playing a crucial role in its development.

Additionally, the company bagged a Rs 143 crore order for the development of the Kanpur Central Bus Terminal. This project entails the construction of a modern bus terminal and a commercial complex to cater to the city’s growing needs. By improving public transportation infrastructure, the terminal is expected to stimulate economic growth and revitalize the urban landscape. The project is poised to be a catalyst for development in Kanpur.

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About the Company

Ceigall India Limited is a rapidly expanding EPC company boasting an impressive three-year revenue CAGR as of Fiscal 2024, outpacing its peers with a remarkable 43.10 per cent year-on-year revenue growth in the same fiscal. The company has completed over 34 projects, including a diverse portfolio of EPC, HAM, O&M, and Item Rate contracts, within the roads and highways sector. Currently, Ceigall is actively engaged in 18 projects, encompassing both EPC and HAM models, which span a range of complex infrastructure development, including elevated corridors, bridges, flyovers, rail over-bridges, tunnels, expressways, runways, metro projects, and multi-lane highways.

The company has a market cap of over Rs 6,400 crore. The shares of the company have a PE of 23.3x, an ROE of 40 per cent and an ROCE of 30 per cent. On Wednesday, shares of Ceigall India Ltd plunged 2.28 per cent to Rs 372.70 per share with an intraday high of Rs 384.45 and an intraday low of Rs 368.30. The shares of the company were listed 7 days ago. The stock’s 52-week high is Rs 425 and its 52-week low is Rs 368.30. Investors should keep an eye on this small-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

Also Read: Debt-free penny stock under Rs 10 hit upper circuit as company is into expansion Europe, Middle-East and Africa (EMEA) and Asia-Pacific (APAC) markets!

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2 comments on article "7 days ago listed civil construction company bags new order worth Rs 898,99,99,999.07 from Delhi Metro Rail Corporation Ltd"

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Aashish Golui

You are telling 7 day old company and you are writing greatness of company

Bad job


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Jay

It will be interesting to know who the promoters are in the first place, and secondly of any political connections etc

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