Ceigall India Secures Rs.143 Crore Project From Uttar Pradesh for Kanpur Bus Terminal

Ceigall India Limited, a major small-cap infrastructure company, has received a boost with the confirmation of its bid for the development of the Kanpur Central Bus Terminal. Awarded by the Uttar Pradesh State Road Transport Corporation (UPSRTC), this project will be executed on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis, essentially, Ceigall will take care of everything from start to finish.  The total project value stands at Rs.143 crore, additionally, they’re putting down an upfront premium of Rs.1 crore to start things off.

Investment Overview: Kanpur Bus Terminal

This project aims to turn the Kanpur Central Bus Terminal into a state-of-the-art transit hub. Ceigall has two years to bring this vision to life, and it’s going to be handled through a tariff-based competitive bidding (TBCB) process. The DBFOT model means Ceigall isn’t just building the terminal— they’re designing, financing, operating, and then eventually transferring it. It’s a challenging but exciting opportunity to show off their expertise in the industry.

Ceigall India

Founded in 2002, Ceigall India Limited knows its way around big infrastructure. Whether it’s elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways, or even runways, they’ve pretty much done it all. And they recently made their stock market debut on August 8, 2024, with shares listed at Rs.401, right on the dot with their IPO issue price. Currently, Ceigall shares are sitting at Rs.376.40, with the company’s market capitalization reaching Rs.6,562 crore.

Financials

The numbers look good for Ceigall too. In Q1FY25, they posted a revenue of Rs.822 crore, up from Rs.650 crore in Q1FY24. Operating profit for the quarter stood at Rs.144 crore, and net profit came in at Rs.78 crore. Zooming out to the yearly figures, FY24 was a good year with revenue up Rs.3,029 crore from Rs.2,068 crore in FY23. Operating profit for FY24 hit Rs.518 crore, and net profit nearly doubled to Rs.304 crore from Rs.167 crore in FY23. 

Conclusion: This Kanpur Central Bus Terminal project doesn’t just represent another win for the company, it’s a step toward giving Kanpur a modern, well-designed transport hub that can boost connectivity and regional growth. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.