The company made the announcement after market hours on Tuesday, 30 November 2010.

Meanwhile, the BSE Sensex was up 210.52 points, or 1.08%, to 19731.77.

On BSE, 4,013 shares were traded in the counter compared with the average volume of 2.55 lakh shares during the past 35 trading sessions since 8 October 2010 when the stock debuted on the bourses.

The stock hit a high of Rs 363.85 and a low of Rs 347 so far during the day. The stock hit record high of Rs 460 on 8 October 2010 and record low of Rs 313.20 on 26 November 2010.

The mid-cap stock had underperformed the market over the past one month till 30 November 2010, falling 5.51% compared with the Sensex's 2.55% fall.

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

The Rs 380-crore project is on a turnkey basis and involves design, engineering, procurement and construction of a 1,000 acre special economic zone in Gabon, West Africa, Ramky Infrastructure said. The Gabon Special Economic Zone (GSEZ) project is a joint venture between the Government of Gabon and Singapore based OLAM, one of the world's leading commodities trading company. Ramky would develop internal infrastructure, including, boundary wall, fencing, landscaping, roads, and drainage.

Ramky Infrastructure's consolidated net profit rose 94.5% to Rs 40.38 crore on 56.6% rise in net sales to Rs 559.96 crore in Q2 September 2010 over Q2 September 2009.