Ramky Infrastructure Ltd has pocketed deals valued at Rs 1,248.95 crore covering roads, irrigation and construction sections.
In a declaration to the BSE, the Hyderabad-based infrastructure giant stated that these deals have been bagged from various states comprising from Arunachal Pradesh, Bihar and Chandigarh.
In the state of Bihar, Ramky Infra has bagged a civil construction deal valued at Rs 109 crore from NTPC for its Barh power project.
The flagship group of the Ramky Group, Ramky Infrastructure, engrossed in the venture of building and infrastructure growth, has unlocked its Rs 530 crore initial public offer for contribution.
The issue encompasses issuance of unsullied equity shares collective up to Rs 350 crore and a proposal for sale of equity shares totaling up to Rs 180 crore. The price band is made arranged at Rs 405-468 a share.
There is no denying the fact that the sensex has been back in the groove for the past many months now and as the bullish sentiment is expected to continue for the coming times, many companies have decided to knock the door of the stock markets.
In fact, analysts are also claiming this period as optimal for IPO listing on the markets. Players like Orient Green Power, Ramky Infrastructure and Electrosteel Steels have announced the opening of its IPO today.
Ramky Infrastructure, the flagship company of the Ramky group, has bagged projects worth Rs 2,065 crore, including construction of eight-lane access controlled expressway coming up on the Outer Ring Road near Hyderabad.
This eight-lane project spread from Patancheru to Shamirpet, i. e. 23 km to 61.7 km, and another package of Patancheru to Mallampet, which was being taken up with loan assistance of Japan International Cooperation Agency (JICA).