 "Ramky Infra surges as JV gets Rs 210 crore contract")
Ramky Infrastructure has moved higher by 15% to Rs 55 on BSE after the company announced that it has bagged orders worth of Rs 210 crore.
The joint venture (JV) comprising Ramky Infrastructure and Barbik Project has been awarded the project viz “Rehabilitation and up-gradation of NH-3 to two lanes with paved shoulder in the state of Chhattisgarh under NHDP-IV through engineering,
procurement and construction (EPC) basis, by Ministry of Road Transport and Highways, Ramky Infra said in a BSE filing.
The length of the project is 61 Km and is valued an amount of Rs 209.89 crore in with Ramky Infrastructure holds 70% in the JV while the other JV partner holds 30%. The project is to be completed within 550 days from appointed date, it added.
The stock opened at Rs 51.50 and touched high of Rs 55.80 on BSE. The trading volumes on the counter jumped over three-fold with a combined 462,323 shares changed hands till 1325 hours on BSE and NSE.
The joint venture (JV) comprising Ramky Infrastructure and Barbik Project has been awarded the project viz “Rehabilitation and up-gradation of NH-3 to two lanes with paved shoulder in the state of Chhattisgarh under NHDP-IV through engineering,
procurement and construction (EPC) basis, by Ministry of Road Transport and Highways, Ramky Infra said in a BSE filing.
The length of the project is 61 Km and is valued an amount of Rs 209.89 crore in with Ramky Infrastructure holds 70% in the JV while the other JV partner holds 30%. The project is to be completed within 550 days from appointed date, it added.
The stock opened at Rs 51.50 and touched high of Rs 55.80 on BSE. The trading volumes on the counter jumped over three-fold with a combined 462,323 shares changed hands till 1325 hours on BSE and NSE.