Ramky Infrastructure shares gain on securing orders worth Rs 612.88 crore

Ramky Infrastructure shares surged over 3 per cent on Tuesday after the company bagged road projects worth Rs 612.88 crore in the states of Chhattisgarh and Punjab.

Written by FE News Desk

June 7, 2016 17:12 IST

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Ramky Infrastructure shares on Tuesday surged over 3 per cent on Tuesday after the company bagged road projects worth Rs 612.88 crore in the states of Chhattisgarh and Punjab.

The scrip settled the day 3.19 per cent up at Rs 67.85 on BSE. On NSE, it went up by 3 per cent to end at Rs 67.95.

Ramky Infrastructure has bagged projects worth Rs 612.88 crore in the states of Chhattisgarh and Punjab.

“Of total, the company has won project worth Rs 263.34 crore for rehabilitation and up-gradation of NH-200 (New NH-49) from Km 178.944 to Km.241.553 (Banari Village to Masania Kala Village Section, in the State of Chhattisgarh to 2-Land with paved shoulder under NHDP-IV Phase on EPC Basis,” the company said in a BSE filing.

The company has also secured order worth Rs 298.80 crore for rehabilitation and up-gradation of NH-200 (New NH-49) from Km 241-553 to Km.312.600 (Masania Kala Village – Rengapali Village / Odisha Border Section) to two lane with paved shoulder in the State of Chhattisgarh under NHDP-IV on EPC basis.

Further, the company has received a contract worth Rs 50.74 crore for development & beautification of Road / Crossing from Hall gate to Golden Temple and Back to Pink Plaza, Amritsar including shifting of utilities / services.

This article was first uploaded on June seven, twenty sixteen, at twelve minutes past five in the evening.