Business Standard

Ramky Infra achieves financial closure for Hospet road project

The estimated project cost is Rs 1,102.81 crore

Related News

Hyderabad-based Limited (Ramky Infra), an integrated infrastructure construction and development management company, has achieved financial closure for its Hospet Chitradurga road project in Karnataka through the debt syndication of Rs 830 crore.

An agreement to this effect has been signed between the (HCTL), a special purpose vehicle (SPV) formed to undertake the project, and with a consortium of bankers led by Axis Bank Limited, the company said in  a press release today.

The other participating lenders are IDBI Bank, Bank of India, India Infrastructure Finance Company Limited, State Bank of Hyderabad, State Bank of Patiala, State Bank of Travancore, Central Bank of India and Oriental Bank of Commerce on November 09.

Ramky Infra was awarded the project by National Highways Authority of India (NHAI) to undertake four laning of Hospet - Chitradurga section of NH-13 in Karnataka under the National Highways Development Project (NHDP) phase-III on design,build, operate and transfer basis with a concession period of 25 years including 910-days of construction period.

The estimated project cost is Rs 1,102.81 crore, according to the release.

Ramky Infra's scrip is currently trading at Rs 101.10 on Bombay Stock Exchange, up 0.05 per cent over the previous close of Rs 101.05.

Read more on:   
|

Read More

Telenor's 2008 licence fee may not be adjusted in new payment

Telenor may not be able to avail of the benefit of adjusting Rs 1,658 crore licence fee it paid in 2008 for permits of its Indian venture Uninor in ...


Quick Links

Back to Top