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Ramky infrastructure achieves financial tie- up for Hospet- Chitradurga project

15 Nov 2012 Evaluate

Ramky infrastructure has achieved financial tie- up for the debt syndication of Rs 830 crore for Hospet- Chitradurga project through consortium of bankers, led by Axis Bank, the other participating lenders being IDBI Bank, Bank of India, India Infrastructure Finance Company, State Bank of Hyderabad, State Bank of Patiala, State Bank of Travancore, Centeral Bank of India and Oriental Bank of Commerce on November 9, 2012. Further, the company also has formed Special Purpose Vehicle (SPV) in the name of Chitradurga Tollways for the project.

The company was awarded a project by National Highways Authority of India (NHAI) for undertaking four laning of hospet- Chitradurga section of NH-13 from KM 299 to KM 418.60 in the State of Karnataka under National Highways Developments Project (NHDP) Phase III on design, build, Finance, Operate and Transfer (DBFOT/BOT) basis in BOT (Toll) for which the concession agreement was signed on January 19, 2012. The project with concession period of 25 years including the construction period of 910 days has an estimated cost of Rs 1102.81 crore.

Ramky Infrastructure is the flagship company of the Ramky Group, one of the leading civil and infrastructure engineering companies in India.

Ramky Infrastructure Share Price

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