Ramky Infra's wholly-owned subsidiary bags order from HMWSSB; Stock gains

10 Feb 2022 , 10:07 AM

Ramky Infrastructure Ltd has announced that Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB), Hyderabad, has executed a concessionaire agreement with HYDERABAD STPS’ LIMITED a wholly owned subsidiary of Ramky Infrastructure.

The agreement is for execution of “Construction of 6 STPs of 480.50 MLD Capacity (Decentralized) along South of Musi River under Sewerage Improvement Project of Sewerage Master Plan of Hyderabad Urban Agglomeration area wlder Hybrid Annuity Mode of contract including O & M for 15 years – Package II”.

As  per regulatory filing, the contract value is Rs1,180cr approximately (Including Rs791cr construction and Rs389cr O&M).

Further, construction period is of 2 years and O&M period of 15 years, said company.

At around 10:08 AM, Ramky Infrastructure was trading at Rs236.85 apiece up by Rs1.6 or 0.68% against previous closing of Rs235.25 apiece on the BSE.