Ramky Infrastructure Shares Rise 9% Following Rs 1,401.84 Crore EPC Contract Award

Ramky Infrastructure Secures ₹1,401.84 Crore EPC Contract

On March 5, shares of Ramky Infrastructure rose by 9.23% in the opening trade after the company secured an Engineering, Procurement, and Construction (EPC) contract worth ₹1,401.84 crore from Maharashtra Industrial Township (MITL).

The contract is for EPC-based infrastructure works within the Dighi Port Industrial Area (DPIA) Phase 1 under the Delhi-Mumbai Industrial Corridor (DMIC). The project is scheduled to be completed within 930 days from the appointed date, followed by an Operations and Maintenance (O&M) period of four years from the issuance of the completion certificate. The O&M tenure may be extended by another six years upon mutual agreement between MITL and Ramky Infrastructure.

MITL is a Special Purpose Vehicle (SPV) formed with equity participation from the Government of India and the Maharashtra State Government for the development of Parcel B of the Dighi Port Industrial Area in Raigad district, Maharashtra.

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The scope of work includes end-to-end execution from design and engineering to construction, testing, commissioning, and performance-based operations. Ramky Infrastructure will execute the project using its in-house engineering, planning, and commissioning expertise, supported by standardized monitoring and delivery systems.

This contract win comes after Ramky Infrastructure posted a 31% jump in its December quarter net profit at ₹78.52 crore from ₹59.80 crore in December 2024, while revenue rose 6.5% at ₹488.92 crore against ₹459.09 crore, year-over-year.