Ramky Infra Ties Up 1.4k-Cr Debt for J&K Project

Ramky Infrastructure has tied up debt worth 1,400 crore with ICICI Bank for financing its Srinagar-Banihal road project in Jammu and Kashmir. Ramky Infrastructure, in a joint venture with China’s Jiangshu Provincial Transportation Engineering Group Company, is executing the Srinagar-Banihal road project in Jammu and Kashmir at a total cost of 1,625 crore. Ramky Infrastructure holds 74% in the joint venture, which will design, build, finance, operate and transfer the project for National Highway Authority of India (NHAI). crackcrack