Ramky Infra is debt-free standalone with strong Q2 results: ₹471.6 Cr revenue, ₹77.8 Cr PAT. Secured ₹2,085 Cr new orders, growing its order book to over ₹9,000 Cr (2-2.5 yrs visibility). Targets 25-30% FY26 revenue growth. Focus on O&M, in-house execution, and capital recycling.