Shares of Ramky Infrastructure Limited rallied more than 12% in early trade after the company announced a major engineering, procurement, and construction (EPC) contract linked to the Delhi–Mumbai Industrial Corridor. The contract relates to the development of key infrastructure within the Dighi Port Industrial Area (DPIA) Phase 1 in Maharashtra.
The infrastructure company informed that it has signed an agreement with Maharashtra Industrial Township Limited (MITL) to undertake EPC-based infrastructure works for the project. The total contract value stands at ₹1,401.84 crore, which includes GST as well as revenues from operations and maintenance (O&M) services.
The project forms part of the broader development of the Dighi Port Industrial Area in Raigad district, Maharashtra, which is one of the key nodes under the Delhi–Mumbai Industrial Corridor initiative. MITL has been established as a special purpose vehicle with equity participation from both the Government of India and the Maharashtra state government to develop Parcel B of the industrial area.
Under the agreement, Ramky Infrastructure will execute a comprehensive infrastructure package covering the entire lifecycle of project delivery, including design, engineering, construction, testing, commissioning, and performance-based operations. The scope of work includes the development of roads and allied structures, stormwater drainage systems, water treatment and distribution networks, sewerage systems, recycled water distribution infrastructure, power distribution networks, and utility ducts for ICT and other essential services required in an industrial zone.
The company stated that the project is scheduled to be completed within 930 days from the appointed date. In addition to construction, Ramky Infrastructure will also undertake operations and maintenance for a period of four years from the commercial operation date, with the possibility of extension upon mutual agreement.