The company made the announcement during trading hours today, 31 December 2012.

Meanwhile, the BSE Sensex was down 19.09 points or 0.1% at 19,425.75.

On BSE, 32,000 shares were traded in the counter as against average daily volume of 32,254 shares in the past one quarter.

The stock hit a high of Rs 100.95 and a low of Rs 97.05 so far during the day. The stock had hit a 52-week high of Rs 255 on 2 February 2012. The stock had hit a record low of Rs 86.25 on 29 August 2012.

The stock had underperformed the market over the past one month till 28 December 2012, sliding 1.57% compared with the Sensex's 3.2% rise. The scrip had also underperformed the market in past one quarter, declining 4.75% as against Sensex's 3.64% gain.

The company has equity capital of Rs 57.20 crore. Face value per share is Rs 10.

Ramky Infrastruture said that an agreement was signed between Agra Etawah Tollways (AETL), a special purpose vehicle (SPV) formed to undertake the Agra Etawah road project and consortium of bankers, lead by Oriental Bank of Commerce and other participating lenders being Union Bank of India, Bank of India, India Infrastructure Finance Company, Central Bank of India, State Bank of Patiala, and Axis Bank on Saturday, 29 December 2012, Ramky Infra said in a statement.

Commenting on the development, Mr. Y. R. Nagaraja, Managing Director, Ramky Infrastructure said, "This stretch of Agra-Etawah is a part of Golden Quadrilateral (GQ) on NH2. The Delhi-Kolkata (NH2) link passes through Uttar Pradesh which is widened and made into a six-lane road. The successful financial tie-up signifies the reflection of the trust the market has placed in our company and the country needs a large, integrated road network to achieve integrated road network to achieve overall progress".

Ramky Infrastructure was awarded a project by National Highways Authority of India (NHAI) to undertake six landing of Agra-Etawah bypass section of National Highway (NH)-2 under National Highways Development Project (NHDP) Phase V in Uttar Pradesh to be executed on build, operate, and transfer (BOT) on design, build, finance, operate, and transfer (DBFOT) pattern. The concession period for the project is 30 years, including the construction period of 910 days, Ramky said in a statement.

Ramky Infrastructure's consolidated net profit fell 19.3% to Rs 35.65 crore on 4.6% decline in net sales to Rs 722.03 crore in Q2 September 2012 over Q2 September 2011.

Ramky Infrastructure, the flagship company of Ramky Group, is an integrated construction and infrastructure development, and management company in India with strategic emphasis on the public-private-partnership (PPP) approach. The company is currently executing projects in various sectors viz. water and waste water, roads, bridges, buildings, irrigation, power transmission & distribution and industrial, with an order book value of around Rs 13000 crore across 23 states and two union territories in India and West Africa making it sectorally and geographically diversified player.