Ramky Infra shares jump 8% on securing contract worth ₹2,085 crore

Shares of Ramky Infrastructure surged over 8% on Friday, extending gains for the second straight session, as sentiment was lifted after the company secured a deal worth ₹2,085 crore.

The infrastructure development company has secured a concessionaire agreement worth ₹2,085 crore from the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB), it said in an exchange filing.

Cheering the news, shares of Ramky Infrastructure gained as much as 8.4% to ₹636 on the BSE. The stock opened 6.8% higher at ₹626.50 after ending 2.24% higher at ₹586.75 in the previous session.

The counter touched its 52-week high of ₹725.10 on September 23, 2024, and a 52-week low of ₹374.40 on April 7, 2025. The stock has fallen over 8% in a year, while it has risen nearly 24% in six months and nearly 7% in a month. In the calendar year 2025, the infra stock has fallen nearly 6%.

In an exchange filing last evening, Ramky Infrastructure said that it secured a concessionaire agreement valued at ₹2,085 crore from the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB).

The contract is in relation to the Godavari Drinking Water Supply Scheme – Phase II & Phase III, which includes filling the Osmansagar and Himayathsagar reservoirs with Godavari water to aid in the rejuvenation of the Musi River.

“This project reinforces our commitment to building sustainable water infrastructure that not only addresses the growing drinking water needs. We are proud to partner with HMWSSB in driving long-term resilience and sustainability. This also highlights Ramky Infrastructure’s strong expertise in executing large-scale water and environmental projects across India, while advancing its vision of delivering sustainable infrastructure solutions for urban transformation,” said Yancharla Rathnakara Nagaraja, Managing Director, Ramky Infrastructure.

The project will be executed through Mallannasagar Water Supply Limited, a subsidiary of Ramky Infrastructure, under the Hybrid Annuity Model (HAM). As part of the contract, Ramky Infrastructure will undertake construction within two years, followed by manning, operation, and maintenance for a period of 10 years after completion.