Business Standard

Ramky Infra extends gains on funding for UP road project

The company said that it has achieved financial closure for its Agra Etawah Road Tollway Project to be developed in Uttar Pradesh.

Read more on:    Hcc | Agra Etawah | Ramky Infra
Related News

Ramky Infrastructure has soared 17% to Rs 130, extending its past three-day’s rally after the company said that it has achieved financial closure for its Road Tollway Project to be developed in Uttar Pradesh.

The stock opened at Rs 112 and has seen over ten–fold jump in trading volumes. A combined 2.21 million shares have changed hands on the counter so far on both the exchanges till 1313 hours. In past four trading sessions, the stock has surged 32% on the Bombay Stock Exchange, compared to 1.4% gain in benchmark Sensex.

“A consortium of bankers lead by Oriental Bank of Commerce and other participants including Union Bank of India, India Infrastructure Finance Company Ltd, Central Bank of India, State Bank of Patiala and Axis Bank have agreed to meet the debt syndication of Rs 1,225 crore to execute the project,” Ramky Infrastructure said in a statement.

The project has a concession period of 30 years including construction phase of 910 days. The company currently has an order book of around Rs 13,000 crore.

Read more on:   
|
|

Read More

Trading Strategies: Suzlon Energy, Unity Infra, Titan Industries

Check out how key stocks stakc up on the technical parameters with Ravi Nathani, technical analyst, Nsetoday.com.

Quick Links

 

Market News

Plea against MF body as self-regulator admitted

The Securities Appellate Tribunal (SAT) has admitted an appeal against a decision on approval given for setting up a regulatory organisation for ...

El Niño worries inflation managers

RBI has decided to consider inflation based on new series CPI in which half of the weight is for food, beverages and tobacco

Coffee at 26-month high as Brazil drought raises price volatility

Coffee futures jumped as much as 8.3 per cent, driving volatility to the highest since 2000

JSW Steel mulls using Goan ore for Dolvi plant

The company plans to participate in e-auctions at Goa as and when the ore with 58% Fe is auctioned

SC ruling on Goa mining may hurt 19 Odisha mines

The average combined annual production of these mines works out to about 0.4 mt

Back to Top