Ramky Infrastructure has secured a construction contract worth about ₹588.57 crore from state-run Rail Vikas Nigam Ltd for residential and associated infrastructure works in Chhattisgarh.
The order covers the construction of residential towers, a bungalow, shopping facilities, a cafeteria and external development works.
The company said the project is to be completed within 30 months from the appointed date, followed by a 12-month defect-liability period.
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Contract Includes 670 Residential Units
Under the project, Ramky Infrastructure will construct 15 Type-3 residential towers comprising a total of 600 units.
The contract also includes one Type-4 residential tower with 40 units and one Type-5 residential tower with 30 units.
In addition, the company will build a Type-7 HOP bungalow as part of the project.
Shopping Complex and External Works Included
The scope of work also covers construction of a shopping complex and a cafeteria.
External development and other infrastructure works form part of the same contract.
Ramky Infrastructure said the total value of the order is approximately ₹588.57 crore.
The company has also stated that its promoter, promoter group and group companies have no interest in the entity that awarded the order.
Project to Be Completed in 30 Months
The construction work is required to be completed within 30 months from the appointed date.
After completion, a defect-liability period of 12 months will apply, during which the company will remain responsible for defects covered under the project conditions.
The contract comes at a time when Ramky Infrastructure’s stock has remained under pressure. The shares have fallen 55.74% so far this year and more than 62% over the past year.
Over a five-year period, however, the stock has recorded a gain of 72%.
About the author — Suvedita Nath is a science student with a growing interest in cybercrime and digital safety. She writes on online activity, cyber threats, and technology-driven risks. Her work focuses on clarity, accuracy, and public awareness.
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