Ramky subsidiary wins INR 2,085 crore HMWSSB water project
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Ramky's subsidiary Mallannasagar Water Supply Ltd signed a concession agreement with Hyderabad Metropolitan Water Supply and Sewerage Board for Package II of the Godavari drinking water scheme. The INR 2,085 crore project covers reservoir filling, Musi River rejuvenation, construction over two years, and operation and maintenance for 10 years after completion. It is a domestic contract with unrelated parties.
Adds a major long-term contract to Ramky's order book and creates future operating income visibility, with construction and execution risks.