Smallcap Infrastructure Company Secures Rs 143 Crore Order for Kanpur Central Bus Terminal Development from Uttar Pradesh State Road Transport Corporation!
This Small-Cap infrastructure company has received a Letter of Intent from the Uttar Pradesh State Road Transport Corporation (UPSRTC), for the establishment of the "Development of Kanpur Central Bus Terminal" on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis. The project has a total cost of Rs 143 crore, with an upfront premium of Rs 1 crore. It will be executed through a tariff-based competitive bidding (TBCB) process, and the completion period for the project is set for two years.
Founded in 2002, Ceigall India Limited is small-cap infrastructure construction company specializing in a range of structural projects. Its expertise includes the construction of elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and runways.
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On Friday, the company’s shares closed at around Rs 387.85 and the current market capitalization stands at Rs 6,756 crore. Ceigall India made its debut on the Indian market on August 8 of this year, listing at Rs 401 per share on both the BSE and NSE, matching its final IPO issue price of Rs 401.
As per the Quarterly Results, in the Q1 FY25, Ceigall India Limited recorded a revenue of Rs 822 crore compared to Rs 650 crore. It reported an operating profit of Rs 144 crore. The net profit stood at Rs 78 crore. Looking at the annual performance, the company generated a revenue of Rs 3029 crore in FY24 compared to Rs 2068 crore. The operating profit for FY24 was Rs 518 crore with a net profit of Rs 304 crore compared to a profit of Rs 167 crore in FY23.
Disclaimer: The article is for informational purposes only and not investment advice.