He added that the company’s existing projects provide revenue visibility for the next three to four years.
The Ludhiana-based infrastructure construction and engineering company reported an order book of ₹11,332 crore and is targeting fresh order inflows of ₹6,000 crore during 2026-27. Sehgal said the company has also bid for projects worth more than ₹16,000 crore.
Alongside growth plans, Ceigall India is pursuing the monetisation of three road assets. The company has signed a definitive agreement to sell the Malout-Balluana-Sadhuwali project in Punjab to Neo Infra Fund for about ₹177 crore. It also plans to complete the signing of the Bathinda-Dabwali transaction next month, while the Jalbehra-Shahbad asset sale is expected within six months.
According to Sehgal, the three transactions together are expected to reduce debt by about ₹750 crore and bring more than ₹400 crore of equity back to the company.
The asset sales are also expected to strengthen the balance sheet, with the consolidated debt-to-equity ratio projected to improve from 0.6 times to around 0.49 times.
Sehgal said engineering, procurement, and construction (EPC) margins are expected to remain stable. However, earnings are likely to benefit from gains recognised from the asset monetisation programme over the course of the year.
The company, which has a current market capitalisation of ₹6,156.40 crore, has seen its shares gain 41% over the last year.
Ceigall India has also established offices in Dubai and Singapore as part of its international expansion strategy. While the company has already submitted bids for projects outside India, Sehgal said contract awards have slowed due to geopolitical tensions in some overseas markets.
As a result, the company expects its primary focus in 2026-27 to remain on domestic opportunities while continuing to evaluate projects across the Gulf Cooperation Council (GCC) region.
“We are very positive in looking forward to getting new good contracts across GCC,” Sehgal said.
For the full interview, watch the accompanying video
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