Ramky Infra shares surge nearly 4% after securing major contract worth Rs 215 crore

Ramky Infrastructure Limited shares rose by nearly 4% today following the announcement of a significant contract win. The company received a Letter of Acceptance (LoA) from the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) for a critical project.

Project Highlights:

• Awarding Entity: Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB).
• Scope of Work: Manning, Operation, and Maintenance of Sewage Treatment Plants (STPs) and associated Interception and Diversion (I&D) systems.
• Project Duration: Five years.
• Project Value: ₹215.08 crore (exclusive of CST).
• Nature of Work: Domestic infrastructure project.

Additional Details:

Ramky Infrastructure clarified that the promoter group or its companies have no vested interest in this contract. Additionally, the agreement does not fall under related party transactions.

Stock Performance:

• Opening Price: ₹619.90
• High: ₹636.95
• Low: ₹619.90
• Closing Price: ₹625.45 (+3.57%)

Ramky Infra Share Price history