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Ramky Infrastructure share price rises nearly 7% on bagging ₹3,000 crore order from MIDC

Kamal Joshi
By Kamal Joshi

2 min read | Updated on March 13, 2026, 10:03 IST

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SUMMARY

Ramky Infra share price: The project has been awarded a 95-year concession, including a construction period of five years. It entails the development of an industrial park over an area of 1000 hectares in Maharashtra's Raigad.

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Ramky Infrastructure share price: Shares of integrated construction and infrastructure developer Ramky Infrastructure advanced on Friday after the company secured a ₹3,000 crore order from Maharashtra Industrial Development Corporation (MIDC).
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The stock rose as much as 6.64% to ₹489 apiece on the National Stock Exchange (NSE). At 9:51 am, it was up 3.59% to ₹475 per share.

In an exchange filing on March 13, the company said that a concession agreement has been executed between MIDC and the company's wholly-owned subsidiary Maha Integrated Life Sciences City Limited as a developer for the "development, operation, maintenance and management of the upcoming high-tech pharmaceutical park in Dighi Port Industrial Area, Mangaon and Roha Taluk, Raighad District in the state of Maharashtra on PPP Basis."

The project has been awarded a 95-year concession, including a construction period of five years. It entails the development of an industrial park over an area of 1000 hectares in Maharashtra's Raigad, consisting of an industrial zone, a commercial zone, utilities, common amenities, roads and open spaces.

"This Life Sciences City aims to act as a one-stop holistic solution to the life sciences and pharma sector in providing them with all the requisite sustainable infrastructure for establishing their units," Ramky Infra said in a regulatory filing.

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The project cost is estimated to be around ₹3,000 crore, and the firm will earn revenue through development charges, land lease premium, operation income from the utilities and maintenance income from the services.

On March 11, the company had announced that its Board of Directors had considered and approved the proposal to acquire a company involved in water and wastewater management in India.

"With this acquisition, Ramky is expected to expand its presence in the area of Water and Waste Water (WWW) Management and in the area of Urban Infrastructure Solutions," it said.

The company had posted a 39.27% increase in its consolidated profit after tax to ₹78.51 crore in the latest December quarter, compared to ₹56.37 crore a year back.

Its revenue from operations climbed 6.49% to ₹488.92 crore in Q3 FY26 as against ₹459.09 crore in the year-ago period.

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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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