Bhubaneswar: Ludhiana-based infrastructure construction company Ceigall India Limited (CIL) has secured the largest contract in Bhubaneswar Metro's Phase 1 project, emerging as the lowest bidder for Package BBC-05 worth Rs 899 crore. The company received the Letter of Acceptance dated August 14, 2024, from Delhi Metro Rail Corporation Limited, marking a significant milestone in Odisha's urban transportation development.
Project Specifications and Scope
The ambitious Package BBC-05 encompasses the design and construction of an elevated viaduct, six elevated stations, and a depot entry ramp across 10.97 kilometers. This segment represents the northern-end of the 26-kilometer Line-1 and stands as the longest package among all segments of the Bhubaneswar Metro project.
The comprehensive scope of work demonstrates the technical complexity and scale of urban transit infrastructure that Ceigall will undertake in the eastern region. The project's strategic importance lies in connecting key areas of Bhubaneswar, facilitating seamless urban mobility for the capital city's growing population.
About Ceigall India Limited: Award-Winning Infrastructure Pioneer
Founded in 2002 and headquartered in Ludhiana, Punjab, Ceigall India Limited has established itself as a formidable player in India's infrastructure construction sector. With over 20 years of experience delivering specialized structures across India, the company's skilled professionals ensure effective use of resources and manpower, maximizing efficiency.
The company specializes in infrastructure construction with expertise in specialized structural projects, including elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and runways. This diverse portfolio positions Ceigall perfectly for the technical demands of metro construction.
Recognition and Awards Excellence
Ceigall's track record speaks volumes about its construction capabilities and project management excellence. The company won the "Gold Award" at the National Highways Excellence Award 2020 for the Khemkaran-Amritsar Project and received the "Special Award" at the National Highways Excellence Awards 2021 for the Ramdas Gurdaspur Project, including the Kartarpur Sahib Project.
The Ministry of Road Transport and Highway, Government of India, recognized Ceigall with the "GOLD Award" in National Highway Excellence Awards 2020 in January 2021, establishing the company's credentials in executing complex infrastructure projects.
Financial Performance and Growth Trajectory
Ceigall stands as one of the fastest growing engineering, procurement and construction (EPC) companies in terms of three-year revenue CAGR as of Fiscal 2023, among companies with a turnover exceeding Rs 10,000 million. The company achieved the highest year-on-year revenue growth of 82.67% in Fiscal 2023 and has grown at a CAGR of 37.65%.
As of March 31, 2024, the company employs 2,256 permanent employees, reflecting its substantial operational capacity. Recent project completions include road widening in Punjab, the Kartarpur-Sahib Project, and an elevated corridor portion for the Delhi-Saharanpur Project.
Bhubaneswar Metro: Multi-Package Development Strategy
The Bhubaneswar Metro project follows a strategic multi-package approach to ensure efficient execution and risk management. While Ceigall secured the largest Package BBC-05, other significant contracts have been awarded to established players. Ranjit Buildcon Ltd. emerged as the lowest bidder for Package BBC-03, while M I A Construction won the Phulapokhari Depot's contract (Package BBC-02).
This diversified contractor approach ensures that different expertise areas are leveraged optimally, with each company bringing specialized skills to their respective segments.
Strategic Implications for Odisha's Infrastructure
Ceigall has proven its capacity to undertake complex infrastructure projects throughout diverse regions in India, including high-density areas and challenging terrain, with over 34 completed projects and 18 ongoing ones. This experience will be crucial for navigating Bhubaneswar's urban landscape and ensuring timely project delivery.
The company's entry into metro construction represents a significant diversification from its traditional highway and road infrastructure focus.
