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Ramky BSE score increased due to new projects of Infrastructure

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New projects in the pipeline of Ramky infrastructure made the company richer by 7.19 per cent for Rs 220 at the BSE. According to the sources www.propertykhazana.com the Ramky group has successfully depicted their name in two recent contract of National Highway project from the National Highway Authority of India. The total amount of the project is calculated for Rs 2240.65 crores. This announcement was made by the top order of the company on 01 December 2011.
Ramky Infrastructure surged 7.19% to Rs. 220 at 14:35 IST on BSE after the company said it has secured two road projects aggregating Rs. 2240.65 crores from National Highways Authority of India. The company made this announcement during trading hours today, 1 December 2011. The company is characterized under mid cap infrastructure group which owes a equity capital of Rs 57.20 crores. The current face value of each share of the Ramkay is Rs 10. One of those projects of Ramkay is the Agra – Etwah bypass of National Highway 2. It is a six laning project covering a distance of 199.660 kilo meters to 323 kilometer under the National Highway Development Project. It is the construction of fifth phase in Uttar Pradesh. The authority allows a concession period of 30 years for this project inclusive of the 910 days of construction to the company as stated by top order of the Ramkay group and reveals an estimation of Rs 1207 crore for the project. Second project is the four lane construction of Hospet – Chitradurga segment covering a total stretch of 299 kilo meter to 418.60 kilo meter. It is located at the NH -3 in Karnataka under the same NHDP for the phase III construction. It will be in the pattern of DBFOT with a concession period of 25 years including the same 910 days of construction.
Source: NIMMA BENGALURU

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