Ramky Infra Shares Skyrocket 14% on Securing Rs 1,401 Crore Order 

Shares of Ramky Infrastructure Ltd skyrocketed 14% on 5 March after the company announced receiving a Rs 1,401.84 crore EPC contract from Maharashtra Industrial Township for infrastructure construction at Dighi Port Industrial Area Phase 1. 

In its regulatory filing, the company announced that it has received a Rs 1,401.84 crore EPC contract from Maharashtra Industrial Township Ltd. (MITL) for infrastructure works in the Dighi Port Industrial Area, Phase 1 of the Delhi Mumbai Industrial Corridor.
 
The contract comprises engineering, procurement, and construction work, as well as revenue from operations and maintenance, according to an exchange filing. The project will be completed within 930 days after the agreed date, followed by a four-year operations and maintenance period, which may be extended by mutual consent.

MITL, a special-purpose vehicle funded by the Government of India and the Maharashtra state government, is developing Parcel B of the Dighi Port Industrial Area in Raigad district. Ramky Infra stated that the project will be completed end-to-end, including design, engineering, construction, testing, and commissioning, and will be delivered using its internal engineering and project management capabilities.

This LoA confirms our execution-led strategy for targeted, large-format opportunities, where technical depth, commissioning discipline, and lifecycle accountability are key,” stated Sunil Nair, Ramky Infra’s CEO. “DPIA is a high-importance industrial corridor assignment, and we will apply our in-house delivery systems to ensure predictable commissioning and performance outcomes, supported by the four-year performance-based O&M commitment embedded in the scope.”

Ramky Infrastructure primarily operates in two business segments: construction and development. In the development business, the group builds roadways using built-operate-transfer (BOT) models, industrial parks, special economic zones, and bus terminals.

At 1:43 pm, the shares of Ramky Infrastructure were trading 11.73% higher at Rs 481 on NSE. 

Discover the next big investment! Tradz by EquityPandits’ IPO screener helps you identify promising initial public offerings. Download Tradz by EquityPandit and get ahead of the curve! Sign Up Now & Find Your Next IPO Gem!

The post Ramky Infra Shares Skyrocket 14% on Securing Rs 1,401 Crore Order  appeared first on Equitypandit.