Ramky Infrastructure Secures ₹588.57 Crore Residential EPC Order from RVNL

Key numbers

Market Cap	₹1,699.15 CrSmall Cap
P/E TTM	7.2xSector: 28.9x
Day RSI	22.38Oversold Zone
Order from	Rail Vikas Nigam Limited
Execution period	Construction period within 30 months from the Appointed Date; defect liability period of 12 months from completion of work
Deal value	₹588.57 Cr
Share of market cap	34.6%
Share of annual revenue	30.4%

Key highlights

• Total contract value stands at ₹588.57 crore including GST
• Order size is equivalent to 34.6% of the company's current market capitalization
• Scope covers 17 residential towers totaling 670 units and a shopping complex
• Project execution period is fixed at 30 months from the Appointed Date
• Includes a 12-month defect liability period following project completion

The RVNL Partnership for NMDC Township

Ramky Infrastructure has formalised its engagement with Rail Vikas Nigam Limited (RVNL) through a contract agreement for the construction of residential and commercial infrastructure. The project is situated at the NMDC Township in Bacheli, Chhattisgarh, and will be executed on an Engineering, Procurement, and Construction (EPC) basis. The work encompasses 15 Type-III towers providing 600 units, alongside specific Type-IV and Type-V towers, a bungalow, and a shopping complex.

At ₹588.57 crore, the contract represents a significant domestic win for the firm, contributing nearly 35% of its current market capitalization and strengthening its relationship with state-owned infrastructure giants.

Technical Scope and Execution Timelines

• Construction of 15 Type-III residential towers (S+10) comprising 600 housing units
• One Type-IV residential tower (S+10) with 40 units and one Type-V tower (S+10) with 30 units
• Development of a Type-VII HOP Bungalow (G+1) and a combined shopping complex and cafeteria (G+1)
• Associated external development and infrastructure works within the existing NMDC township
• Strict 30-month execution window from the Appointed Date with a 12-month defect liability period

Revenue Visibility and Recent Order Momentum

The new order adds to a robust pipeline of high-value infrastructure projects secured by Ramky in the 2025-2026 period. In March 2026, the company executed a ₹3,000 crore agreement for a Pharmaceutical Park at Dighi Port and a separate ₹1,401.84 crore EPC contract for port infrastructure. These follow the massive ₹2,905 crore Rajasthan Water Grid project bagged in late 2025.

With a TTM revenue of ₹1,938.46 crore, this latest ₹588.57 crore addition provides strong revenue visibility for the next two and a half years. The company's management has previously guided for a sustained annual revenue growth of 20% to 25%, supported by aggressive project execution across its core construction verticals.

What to watch next

• Final dividend payout of ₹1 per share scheduled on or before 26 October 2026
• Financial results for the quarter ended 30 September 2026, due by 14 November 2026
• Reaching the Appointed Date for the RVNL project to trigger the 30-month construction clock

Ramky Infrastructure · financial snapshot

Share price	₹245.55
Market capitalisation	₹1,699.15 Cr
Revenue (annual)	₹1,846.48 Cr
Net profit (annual)	₹271.06 Cr
Revenue (latest quarter)	₹471.23 Cr-7.00% vs previous quarter
Net profit (latest quarter)	₹39.30 Cr-8.48% vs previous quarter
P/E (TTM)	7.2×Sector 31.15×
Promoter holding	69.81%0.00% QoQ
FII holding	1.86%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.