'Able To Achieve 50% Of HAM Contract In The First Financial Year': Ceigall Group CFO

Ceigall India has been selected as the L1 bidder by the National Highways Authority of India (NHAI). The company has secured two bypass projects in Ayodhya for a total of Rs 2,498 crore. The company's orderbook has surged to Rs 9,470 crore with the help of NHAI. Ceigall India is aiming for an order inflow of Rs 5,000 crore in the fiscal year 2025 and they have set their sights on achieving a revenue of Rs 4,200 crore. Bhagat Singh the Group CFO of Ceigall Group recently shared that 80% of the land is available for Hybrid Annuity Model (HAM) projects. He also mentioned that the company was able to achieve 50% of the HAM contract in the first financial year which is a significant milestone. Looking ahead Singh expects good tendering opportunities over the next 2 quarters with 40% of the order book comprising HAM projects and 55% comprising Engineering Procurement & Construction projects.

#ceigallindia #stockmarket #ayodhya
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