Ramky Infra rises after bagging Rs 588.57-cr EPC contract from RVNL

Ramky Infrastructure rose 7.92% to Rs 264.40 after securing an EPC contract worth Rs 588.57 crore from Rail Vikas Nigam (RVNL) for construction works at NMDC Township, Chhattisgarh.

The project involves the construction of residential towers comprising 670 units, a bungalow, a shopping complex, cafeteria and associated infrastructure works. The contract is to be executed within 30 months from the appointed date, followed by a 12-month defect liability period.

Ramky Infrastructure principally operates in two business segments: construction and development. In the development business, the group constructs roads under built-operate-transfer (BOT) modes, industrial parks, special economic zones, and bus terminals.

The company?s consolidated net profit declined 47.18% to Rs 39.30 crore despite a 24.26% rise in net sales to Rs 471.23 crore in Q1 FY27 over Q1 FY26.

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