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A joint venture comprising Hyderabad-based Ramky Infrastructure Limited, an integrated infrastructure development and management company, and Barbrik Project Limited has bagged orders aggregating Rs 209.89 crore from the ministry of road transport and highways, New Delhi.
The contract envisages rehabilitation and upgradation of NH-3 from 180 to km 214 (Bedma to Dahikonda) to two-lane with paved shoulder in Chhattisgarh on an engineering, procurement and construction (EPC) basis.
The length of the project is 61 kilometre and is valued at Rs 209.89 crore. Ramky Infra holds 70 per cent in the JV, while Barbrik Project holds the remaining. The project is to be completed within 550 days from the appointed date, the company said in a filing to the BSE on Monday.
Ramky Infrastructure Limited's scrip is currently trading at Rs 53.10 on the BSE, up 11.32 per cent, over the previous close of Rs 47.70 per share.
