Civil construction company bags new orders worth Rs 215.08 crore from Hyderabad Metropolitan Water Supply and Sewerage Board

The stock is up by 48.2 per cent from its 52-week low of Rs 427.80 per share.

Ramky Infrastructure Limited has secured a contract from the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) for the Manning, Operation, and Maintenance of Sewage Treatment Plants (STPs) and their associated Interception and Diversion (I&D) infrastructure within HMWSSB's jurisdiction. This five-year contract, awarded by a domestic entity, encompasses the operation and maintenance of these critical wastewater treatment facilities, ensuring the efficient and sustainable management of sewage in the Hyderabad metropolitan area. The estimated contract value is Rs 215.08 crore (approximately), excluding Central Sales Tax.

About the Company

Ramky Infrastructure Limited, a flagship company of the Ramky Group, is a leader in infrastructure development. Established in 1994, the company has successfully executed a diverse portfolio of projects, specializing in industrial infrastructure, EPC contracts for water and wastewater treatment, road and bridge construction, and urban infrastructure development. With a skilled workforce of over 2000 employees and headquartered in Hyderabad, India, Ramky operates both domestically and internationally.

The company is committed to sustainable practices and holds ISO certifications for Quality Management Systems (ISO 9001:2015), Environmental Management Systems (ISO 14001:2015), and Occupational Health & Safety Management Systems (ISO 45001:2017), ensuring a strong emphasis on quality, environmental protection, and employee safety throughout all stages of project development. The company has a market cap of over Rs 4,000 crore whereas the company’s order book stands at Rs 9,300 crore as of March 31, 2024 (Capex is 60 per cent and Opex is 40 per cent).

Share Performance

Today, shares of Ramky Infrastructure Ltd gained 4.74 per cent to an intraday high of Rs 634.20 per share from its previous closing of Rs 605.50 per share. The stock is up by 48.2 per cent from its 52-week low of Rs 427.80 per share. The shares of the company have a PE of 18x and an ROE of 20 per cent. Investors should keep an eye on this small-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.