Ramky Infra receives order worth Rs. 494 crore

Ramky Infrastructure has been awarded a housing development project worth Rs 494.04 crore in Bengaluru. 

The award has come through from Rajiv Gandhi Rural Housing Corporation in Bengaluru BMRDA area under ‘1 Lakh Multi-Storey Bengaluru Housing Programme’ for the construction of multi-storied residential housing units including infrastructures etc., complete on Turn Key basis- Planning, Design, Build, operate and transfer. 

Ramky Infrastructure is the flagship company of the Ramky Group, one of the leading civil and infrastructure engineering companies in India. The company concluded Q4FY19 with net sales 67 per cent higher on a YoY basis at Rs. 754.09 crore but PAT, however, fell by 22 per cent YoY in Q4FY19, posted at Rs 45.24 crore. 

On Friday, the shares of Ramky opened at Rs. 122 against Thursday’s close of Rs. 117.10. At closing hours, the stock was trading at Rs. 115.75, 1.15 per cent lower than the previous close. It reached an intraday high of Rs. 122.60 and an intraday low of Rs. 115.75 per share on the BSE. The 52-week high stood at Rs. 214.45 and 52-week low was at Rs. 87 per share on the BSE.