CCL International Limited is an Indian infrastructure company specializing in the execution of major civil engineering projects, primarily in the **Roads and Highways** sector. The company distinguishes itself through the integration of advanced **German engineering technology** and a strategic focus on high-value government contracts across geographically challenging terrains. --- ### **Proprietary Technological Edge: The EvoCrete® Advantage** A core pillar of the company’s competitive strategy is its **13-year** track record utilizing **EvoCrete®ST**, a specialized German soil stabilization technology. This innovation allows the company to deliver superior infrastructure with enhanced profitability. * **Mechanism:** EvoCrete® is a unique formulation of **soil and concrete modifiers** that facilitates the solidification of any soil type, including those with **zero or negligible aggregates**. * **Engineering Efficiency:** It binds soil with specific quantities of cement and water to create a **solid concrete slab**, effectively modifying existing soil to reduce the need for expensive external aggregates. * **Operational Impact:** * **Cost Efficiency:** Provides a high-performance, cost-effective alternative to traditional road-building methods. * **Speed & Durability:** Delivers "best in class" traffic-ready roads with increased strength and lifespan. * **Global Validation:** The technology has been successfully implemented on over **0.5 crore Sq. Meters** worldwide. * **Application:** Utilized via **mechanized recyclers** (soil stabilizers) or **Ready Mix Cement (RMC) plants** for highways, canals, and railways. --- ### **Operational Footprint & Strategic Partnerships** CCL executes technically complex projects for major statutory bodies, maintaining a "direct control" model to ensure quality and timely delivery. * **Geographic Presence:** Active and past project executions in **Meghalaya, Assam, Mizoram, Haryana, and Uttarakhand**. * **Key Clients:** * **National Highways & Infrastructure Development Corporation Limited (NHIDCL)** * **Border Roads Organization (BRO)** * **Ministry of Road Transport and Highways (MoRTH)** * **National Highways Authority of India (NHAI)** * **State PWDs (Assam and Meghalaya)** * **Joint Ventures:** The company holds a **50% stake** in **KPM-CCL-JV**, a partnership firm dedicated to road construction projects within **Uttarakhand**. * **Asset Base:** Maintains a large fleet of sophisticated construction equipment to minimize reliance on third-party vendors. --- ### **Financial Performance & Capital Structure** The company is currently in a growth phase, reporting a significant revenue increase of **28.35%** in FY 2024-25. **Key Financial Metrics** | Metric | FY 2024-25 | FY 2023-24 | FY 2022-23 | | :--- | :--- | :--- | :--- | | **Revenue from Operations** | **Rs. 45.82 Crore** | **Rs. 35.70 Crore** | **Rs. 16.45 Crore** | | **Foreign Exchange Outgo** | **Rs. 0.96 Crore** | **Rs. 0.01 Crore** | **Rs. 1.30 Crore** | | **Total Debt** | - | **Rs. 24.05 Crore** | **Rs. 24.38 Crore** | **Capital & Liquidity Profile** * **Share Capital:** Authorized Capital of **Rs. 33 Crore**; Paid-up Capital of **Rs. 19.19 Crore** (**1,91,92,600 shares** at **Rs. 10** par value). * **Debt Composition:** As of March 2024, secured loans stood at **Rs. 5.36 Crore**, while unsecured loans totaled **Rs. 10.61 Crore** (maturing between 1–5 years). * **Gearing & Liquidity:** Management utilizes a **gearing ratio** (total debt/total equity) to monitor capital health and maintains a strategy to meet obligations under both normal and stressed conditions. --- ### **Strategic Growth Drivers & Market Outlook** CCL’s strategy is aligned with the Government of India’s vision for a world-class road network by **2047**, focusing on high-margin domestic contracts. * **Market Opportunity:** The company is targeting the expansion of the National Highway network from **146,195 km** to over **200,000 km**, and the growth of access-controlled highways to **50,000 km** by 2038. * **Portfolio Rationalization:** In March 2026, the Board approved **Buy Back offers** for equity shares held in **Anamica Portfolio Pvt Ltd**, **Anamica Financial Services Pvt Ltd**, and **Saffron Holdings Pvt Ltd** to streamline the corporate structure. * **Order Book Expansion:** Aggressive bidding for state and central projects is expected to substantially increase the order book in the medium term. --- ### **Risk Management & Mitigation Framework** The company employs a structured framework overseen by the **Audit Committee** to manage the inherent risks of the civil engineering sector. | Risk Category | Impact & Context | Mitigation Strategy | | :--- | :--- | :--- | | **Input & Inflation** | Volatility in **Steel and Cement** prices. | Direct procurement from manufacturers; **Escalation Clauses** in contracts. | | **Execution Risk** | Complex engineering in remote areas; cost-time overruns. | Dedicated **Project Controls** team; avoidance of subcontracting core works. | | **Competition** | Aggressive bidding and low margins. | Leveraging **EvoCrete®** technology and **Joint Ventures** for technical synergy. | | **Credit Risk** | Potential for payment delays. | **Low risk**; primary clients are government entities with high creditworthiness. | | **Regulatory** | Air quality and emission standards. | Continuous investment in **new and innovative technologies**. | --- ### **Corporate Governance & Leadership** * **Promoter Leadership:** **Mr. Akash Gupta** serves as **Managing Director and Chairperson**. He was re-appointed for a **3-year term** effective August 31, 2025, through **August 30, 2028**, ensuring management stability. * **Remuneration Policy:** The MD’s salary is structured between **Rs. 3,00,000 to Rs. 5,00,000 per month**, with perquisites up to **Rs. 36,00,000 per annum**, protected even in periods of inadequate profits. * **Related Party Transactions:** To support business objectives, the company maintains an arm's-length financial arrangement with **Tanvi Fincap Private Limited** (promoter group) for an aggregate value of **Rs. 25 Crore**, approved through September 2025.