Hot Pursuit     07-May-12
Ramky Infrastructure builds on new orders
Ramky Infrastructure rose 2.56% to Rs 196 at 11:47 IST on BSE after the company said it has secured new orders aggregating Rs 1248.95 crore from various states.

The company announced the new orders during trading hours today, 7 May 2012.

Meanwhile, the BSE Sensex was down 294.10 points or 1.75% to 16,536.98.

On BSE, 7,356 shares were traded in the counter as against average daily volume of 3,818 shares in the past one quarter.

The stock hit a high of Rs 206 and a low of Rs 185.05 so far during the day. The stock had hit a 52-week high of Rs 330 on 2 August 2011. The stock had hit a record low of Rs 182 on 10 January 2012.

The stock had underperformed the market over the past one month till 4 May 2012, falling 12.34% compared with the Sensex's 3.75% fall. The scrip had also underperformed the market in past one quarter, declining 21.02% as against Sensex's 4.4% fall.

The infrastructure developer has an equity capital of Rs 57.20 crore. Face value per share is Rs 10.

In Arunachal Pradesh, the company has bagged a project worth Rs 99.42 crore from HSCC (India). The company has also secured a project from Government of Arunachal Pradesh for 2 laning of a stretch from Yingkiong to Gobuk. This project is valued at Rs 92.59 crore.

In Bihar, the company secured a project worth Rs 109.38 crore from NTPC for SG Area Balance Civil Works Package. In Gujarat, the company secured a project from Gujarat Water Supply and Sewerage Board for design, build, operate and construct of Kadana dam based bulk pipe line scheme for Dahod city. This project is worth Rs 98.60 crore.

In Madhya Pradesh, the company secured various projects from Narmada Valley Development Authority (NVDA), Madhya Pradesh Road Development Corporation, and from MP Paschim Kshetra Vidyut Vitaran Company aggregating Rs 425.46 crore.

In West Bengal, the company secured a project worth Rs 152.69 crore from Irrigation & Waterways Department, government of West Bengal.

Ramky Infrastructure has current order book of Rs 14229 crore. Ramky Infrastructure is an integrated infrastructure, construction and development management company. The company is currently executing projects in various verticals viz. Roads & Bridges, Water and Waste Water, Buildings, Irrigation, Power Transmission & Distribution, and Industrial Construction across 23 states and two Union Territories in India and West Africa.

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