Ramky Infrastructure jumps as its arm secure Rs 3,000 crore project from MIDC
Ramky Infrastructure is currently trading at Rs. 467.60, up by 9.55 points or 2.08% from its previous closing of Rs. 458.05 on the BSE.
The scrip opened at Rs. 457.85 and has touched a high and low of Rs. 488.40 and Rs. 451.80 respectively. So far 40314 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 706.50 on 07-Oct-2025 and a 52 week low of Rs. 374.40 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 488.40 and Rs. 432.35 respectively. The current market cap of the company is Rs. 3258.52 crore.
The promoters holding in the company stood at 69.81%, while Institutions and Non-Institutions held 2.02% and 28.17% respectively.
Ramky Infrastructure’s wholly owned subsidiary -- Maha Integrated Life Sciences City (MILeS) has secured a project valued at around Rs 3,000 crore from Maharashtra Industrial Development Corporation (MIDC). The project involves development, operation, maintenance and management of the upcoming High-Tech Pharmaceutical Park in Dighi Port Industrial Area Mangaon & Roha Taluk, Raighad District in the state of Maharashtra on PPP Basis. MILeS has executed a Concession Agreement with the MIDC for the same. The project would enable the company to earn revenue by way of Land Lease Premium, Development Charges, Maintenance income for the Services and Operation income from the Utilities.
This project has been awarded for a period of 95 years concession including construction period of 5 years. This project includes development of an Industrial Park over an area of 1000 hectares in Raigad District of Maharashtra primarily consisting of Industri al Zone, Commercial Zone, Common Amenities, Utilities, Open spaces and Roads. This Life Sciences City aims to act as a one stop holistic solution to the Life Sciences and Pharma Sector in providing them with all the requisite sustainable Infrastructure for establishing their units.
