Ramky Infrastructure in jubilant mood on securing orders worth Rs 2,240.65 crore

01 Dec 2011

Ramky Infrastructure is currently trading at Rs 218.00, up by 12.75 points or 6.21% from its previous closing of Rs 205.25 on the BSE.

The scrip opened at Rs 210.00 and has touched a high and low of Rs 226.70 and Rs 208.00 respectively. So far 33060 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 363.85 on 01-Dec-2010 and a 52 week low of Rs 200.00 on 05-Oct-2011.

Last one week high and low of the scrip stood at Rs 226.70 and Rs 204.00 respectively. The current market cap of the company is Rs 1173.98 crore.

The promoters holding in the company stood at 66.85% while Institutions and Non-Institutions held 10.71% and 22.43% respectively.  

Ramky Infrastructure has bagged two road projects from National Highways Authority of India (NHAI) vide LOA dated November 30, 2011. The company has bagged the first order for six laning of Agra - Etawah Bypass section of NH-2 from KM 199.660 to KM 323 under National Highways Development Project (NHDP) Phase V in the State of Uttar Pradesh to be executed on BOT (Toll) on DBFOT pattern. The concession period for the project is 30 years including the construction period of 910 days. The estimated cost of the project as per the client is Rs 1,207.00 crore.

The company has bagged the second 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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