Ceigall India’s ₹72 Million DRB Win: A Game-Changer Despite ₹10 Million Glitch!

Ceigall India Ltd, a leading infrastructure and EPC company, has received a dual recommendation from the Dispute Resolution Board (DRB) regarding recent project claims. The DRB has recommended a payment of ₹10 million against Ceigall, while also awarding a significantly larger sum of ₹72 million in the company’s favor. These developments come as Ceigall continues to strengthen its position in India’s infrastructure sector, backed by a healthy order book and a reputation for timely project delivery.

 

Key Highlights:

 

DRB Outcomes: The DRB’s recommendations reflect the complex nature of large-scale infrastructure contracts. While Ceigall faces a ₹10 million liability, the ₹72 million award in its favor marks a substantial net positive, likely to bolster the company’s financials and liquidity in the coming quarters.

 

Track Record of Success: Ceigall has consistently completed projects ahead of schedule, earning bonuses and building a strong reputation for reliability. The company’s ability to secure favorable arbitration and DRB awards further underscores its contractual strength and operational discipline.

 

Financial Performance: For the March 2025 quarter, Ceigall reported a 7% rise in sales to ₹1,011.6 crore, though net profit dipped 32% year-on-year to ₹74.1 crore, reflecting sector-wide margin pressures. Despite this, the company remains optimistic, with a conservative revenue growth guidance of 10–15% for FY26 and an order inflow target of ₹5,500 crore.

 

Order Book & Outlook: With an order book exceeding ₹11,700 crore and a pipeline expected to cross ₹30,000 crore by year-end, Ceigall is well-positioned for sustained growth. Recent project wins and favorable dispute resolutions are set to further enhance its financial stability.

 

Ceigall’s latest DRB outcomes, combined with its robust project pipeline and proven execution capabilities, reinforce its standing as a key player in India’s infrastructure growth story.

 

Sources: Business Standard, NDTV Profit, CNBC-TV18