Hot Pursuit     07-Jun-11
Ramky Infrastructure surges on new orders
Ramky Infrastructure rose 3.36% to Rs 292.05 at 14:04 IST on BSE after the company said it has secured orders aggregating Rs 582.15 crore across industrial, water & waste water and building verticals.

The company made the announcement during trading hours today, 7 June 2011.

Meanwhile, the BSE Sensex was up 73.60 points, or 0.40%, to 18,493.71.

On BSE, 85,118 shares were traded in the counter compared with average volume of 2,101 shares over the past two weeks.

The stock hit a high of Rs 294.90 and a low of Rs 280 so far during the day.

Ramky Infrastructure said it won an order worth Rs 232.20 crore from Chhattisgarh Energy Consortium (India) for construction works at Mander - I and II hydroelectric project at Chhattisgarh. The order is to be completed in 27 months.

The company bagged two orders in Rajasthan. The first construction order worth Rs 156.88 crore is from Public Health Engineering Department, Ajmer. The order is to be completed in 36 months. The second order worth Rs 150.42 crore is from Urban Improvement Trust, Kota. The order is to be completed in 18 months.

Another order worth Rs 25.82 crore is from Uttarkhand Peyjal Sansadhan Evam Vikas Nigam. The order is to be completed in 12 months.

On a consolidated basis, Ramky Infrastructure's net profit rose 57.5% to Rs 91.43 crore on 54.4% increase in net sales to Rs 1283.88 crore in Q4 March 2011 over Q4 March 2010.

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