Ramky Infrastructure Ltd Share Price – NSE  /  BSE

Infrastructure Developers & Operators, Small Cap

Srinagar Banihal Expressway (SBEL), a material subsidiary of Ramky Infrastructure (RIL) has allotted 16% Secured, Unlisted, Unrated, Redeemable, Non-convertible Debentures (NCDs) to two investors to the extent of Rs 300 crore.

One of the subscribers to this NCD happens to be a member of the promoter group of RIL.

The proceeds from the debentures are used for the repayment of part of the outstanding Inter Corporate Deposit (ICD) that was borrowed from member of the promoter group of RIL to facilitate settlement of the One Time Settlement obligation to the erstwhile lenders on stipulated due date being 31 January 2024, which was reported earlier.

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The contracts are for reclamation of Kodungaiyur dumping ground through biomining.

The said projects have to be executed within a period of 2 years and 4 months.

Ramky Infrastructure principally operates in two business segments: construction and development. In the development business, the group constructs roads under built-operate-transfer (BOT modes, industrial parks, special economic zones, and bus terminals.

The company's net profit surged to Rs 36.48 crore in the quarter ended December 2023 as against Rs 6.80 crore during the previous quarter ended December 2022. Sales rose 5.70% to Rs 440.72 crore in Q3 FY24 over Q3 FY23.

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Ramky Infrastructure has entered into two contracts with Greater Chennai Corporation, Chennai for reclamation of Kodungaiyur Dumping Ground through Biomining (Package 2 and 5). The contracts have enhanced the capability of the company in the field of providing Eco Infrastructure Solutions to the society and nation at large.

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Net profit of Ramky Infrastructure rose 436.47% to Rs 36.48 crore in the quarter ended December 2023 as against Rs 6.80 crore during the previous quarter ended December 2022. Sales rose 5.70% to Rs 440.72 crore in the quarter ended December 2023 as against Rs 416.97 crore during the previous quarter ended December 2022.

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