Ramky Infrastructure Limited — Important, 24-12-2024: General Updates

Ramky Infrastructure has received a Letter of Acceptance from the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) for a contract focused on the Manning, Operation, and Maintenance of Sewage Treatment Plants (STPs) and its connecting Interception and Diversion (I&D) works. This contract spans five years and has an estimated value of approximately INR 215.08 Crores. The award reinforces the company's position in the domestic utilities infrastructure sector. As they execute this contract, investors should watch closely for its potential to enhance revenue stability and long-term growth prospects.