Ramky Infra arm gets Rs. 2085 crores project from HMWSSB

Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB), Hyderabad has executed a Concessionaire Agreement with MALLANNASAGAR WATER SUPPLY LIMITED (A Subsidiary of Ramky Infrastructure Limited).

The project is for execution of "HMWSSB - Godavari Drinking Water Supply Scheme - Phase-II & Phase-III - Filling of Osmansagar & Himayathsagar Reservoirs with Godavari Water for Rejuvenation of Musi River, under Hybrid Annuity Mode of Contract - Including Manning, Operation and Maintenance of Project - Package II."

The project includes construction within 2 years and Manning, operation and Maintenance (MoM) for a period of 10 years from completion of construction, LInder Hybrid Annuity Model. Total value of the Project is INR 2,085 Crores.

The contract is domestic in nature and is between Unrelated parties.

Shares of Ramky Infrastructure Limited was last trading in BSE at Rs. 586.75 as compared to the previous close of Rs. 573.90. The total number of shares traded during the day was 7245 in over 536 trades.

The stock hit an intraday high of Rs. 596.10 and intraday low of 576.05. The net turnover during the day was Rs. 4235313.00.

Source : Equity Bulls

Keywords

RamkyInfrastructure INE874I01013 MallannasagarWaterSupply ConcessionaireAgreement HMWSSB