EPC Infrastructure Contracts
Ceigall India JV Wins ₹918 Crore Jaipur Metro Phase-II EPC Contract
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Ceigall India Limited, through its JV (74% stake), has secured a ₹918.04 crore EPC contract from Jaipur Metro Rail Corporation for Phase-II development, boosting its infrastructure order book
PRICE-SENSITIVE TRIGGER
Event: Letter of Acceptance (LOA) Received
Type: EPC Infrastructure Contracts
Impact: Positive
Immediate Effect: Strengthens order book visibility and reinforces execution pipeline in metro infrastructure projects
Key Metrics:
- Order Value: ₹918.04 crore (inclusive of GST)
- Project Length: 10.8 km
- Execution Timeline: 34 months
- JV Structure:
- Ceigall India: 74% stake
- Partner (SAM India Builtwell): 26%
Highlight:
- Large urban infrastructure EPC win with majority stake advantage
What Happened ?
Ceigall India Limited (via its JV) has received a Letter of Acceptance (LOA) from Jaipur Metro Rail Corporation Ltdfor:
- Construction of elevated viaduct
- Development of 10 metro stations
- Part of Jaipur Metro Phase-II project
key highlights
Project Scope:
- Design & construction of:
- Elevated viaduct
- 10 elevated metro stations
- Includes spur line towards depot
- Chainage: 600 m to 11,400 m
Contract Nature:
- EPC + Item Rate contract
- Domestic infrastructure project
- Urban metro rail development
Project Location:
- Jaipur, Rajasthan
- Stations include:
- Pratap Nagar
- Sitapura
- JECC
- Other key urban nodes
Execution Timeline:
- Total duration: 34 months
- Medium-term revenue visibility
JV Structure:
- Ceigall India holds majority 74% stake
- Higher revenue and execution share
- Partner contributes minority stake
Order Significance:
- Strengthens metro/urban infra portfolio
- Enhances order book size
- Improves long-term revenue pipeline
- Reinforces positioning in EPC segment
Note:
Actual revenue realization will be phased over project duration
Risk Analysis
Key Risks
- Execution delays (common in metro projects)
- Cost overruns / input cost volatility
- Payment cycles & working capital pressure
- JV execution coordination risk
- Regulatory and urban infra complexities
Worst Case Scenario
- Project delays impacting margins and cash flows
Risk Level: Medium
Company Commentary
- LOA received from Jaipur Metro Rail Corporation
- EPC contract strengthens infrastructure portfolio
- Project to be executed within 34 months
- No related party involvement
Official Exchange Filing: Ceigall India Limited