Ramky Infrastructure Limited has informed the Exchange about Bagging/Receiving of orders/contracts
RAMKY · price
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Awaiting price reaction for this filing.
Ramky Infrastructure Limited (RIL) has secured a major domestic EPC contract worth approximately ₹1,401 Crores (inclusive of GST and O&M revenues) from Maharashtra Industrial Township Limited (MITL). MITL is a Special Purpose Vehicle with equity participation from the Government of India and the Maharashtra State Government. The scope covers design, construction, testing, commissioning, operation and maintenance of infrastructure works at Dighi Port Industrial Area (DPIA), Phase I Package A, including roads, bridges, water and sewage networks, power distribution, ICT, and water treatment. The construction period is 930 days from the appointed date, followed by a 4-year O&M phase (extendable by another 6 years). The company confirmed this is not a related party transaction and the promoter group has no interest in MITL.
This sizeable government-backed order meaningfully boosts RIL's order book and reinforces its presence in industrial and urban infrastructure. The stock may see positive sentiment given the size and credibility of the client, though execution over 930 days and stage-wise payment release remain factors to watch.