Ceigall India Ltd’s earnings call transcript for Q2 & H1 FY26 notes EPC margins around 11.5%, YTD EPC value near INR 12,400 crores, and new orders around INR 3,700–4,000 crores. It highlights ongoing Southern bypass and Ayodhya projects, plus a long-term Maharashtra T&D annuity of INR 58.5 crores annually.