Ramky Infra shares rise over 2%; here is what you need to know about ₹2,000 crore work order

The stock was in demand a day after the company said it had secured a contract worth ₹2,085 crore from the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB).

The contract is in relation to the Godavari Drinking Water Supply Scheme – Phase II & Phase III, which includes filling the Osmansagar and Himayathsagar reservoirs with Godavari water to aid the rejuvenation of the Musi River.

According to a statement, the project will be executed through Mallannasagar Water Supply Limited, a subsidiary of Ramky Infrastructure, under the Hybrid Annuity Model (HAM).

As part of the contract, Ramky Infrastructure will undertake construction within two years, followed by manning, operation, and maintenance for a period of 10 years after completion, it said.

Commenting on the development, Managing Director Yancharla Rathnakara Nagaraja said, "This project reinforces our commitment to building sustainable water infrastructure that not only addresses the growing drinking water needs," news agency PTI reported.

About Ramky Infrastructure

Ramky Infrastructure is an integrated construction, infrastructure development and management company. The company's segments include construction business, developer business and other segments.

The construction business segment is engaged in engineering, procurement and construction (EPC) contracts.

It operates the developer business in various sectors, including transportation, energy, industrial solutions, and integrated townships.

The majority of the company's development projects are based on public-private partnerships and are operated by separate special-purpose vehicles promoted by the company and respective governments.

Ramky Infrastructure share price trend

Shares of the company have rallied 23% in six months, around 6% in 30 days, and nearly 2.5% in five sessions. However, on a year-to-date (YTD) basis, the stock price has fallen around 7%, and in the past 12 months, it has slipped around 10%.