Ramky Infra jumps on signing concession agreement with NHAI

20 Jan 2012

Ramky Infra is currently trading at Rs. 226.20, up by 17.15 points or 8.20% from its previous closing of Rs. 209.05 on the BSE.

The scrip opened at Rs. 214.00 and has touched a high and low of Rs. 235.65 and Rs. 204.10 respectively. So far 13818 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 330.00 on 02-Aug-2011 and a 52 week low of Rs. 182.00 on 10-Jan-2012.

Last one week high and low of the scrip stood at Rs. 235.65 and Rs. 184.15 respectively. The current market cap of the company is Rs. 1287.81 crore.

The promoters holding in the company stood at 66.85% while Institutions and Non-Institutions held 10.40% and 22.74% respectively. 

Ramky Infrastructure’s special purpose vehicle (SPV) Hospet Chitradurga Tollways (HCTL) has signed the concession agreement with National Highways Authority of India (NHAI) for undertaking a project awarded by NHAI. The concessionaire company - HCTL was formed by Ramky Infrastructure as a SPV to undertake the mentioned project.

The company had bagged the order for four laning of Hospet - Chitradurga section of NH-13 from KM 299.000 to KM 418.6000 in the state of Karnataka under National Highways Development Project (NHDP) Phase III on design, build, finance, operate and transfer (DBFOT/BOT) basis in BOT (Toll). The concession period for the project is 25 years including the construction period of 910 days. The estimated cost of the project as per the client is Rs 1,033.65 crore.

Ramky Infrastructure, the flagship company of the Ramky Group, is engaged in construction and infrastructure development, operation and management. It has serviced a diverse range of construction and infrastructure projects in sectors as varied as water and waste water, transportation, irrigation, industrial parks (including SEZs), power transmission and distribution, residential, commercial and retail property.

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