Ramky Infrastructure secures Rs 588.57 crore EPC contract from Rail Vikas Nigam Limited in Chhattisgarh

Ramky Infrastructure Limited has entered into a contract agreement with Rail Vikas Nigam Limited (RVNL) for the engineering, procurement, and construction (EPC) of residential towers, a bungalow, a shopping complex, and associated infrastructure within the NMDC Township in Bacheli, Chhattisgarh. The project, awarded on a domestic basis, encompasses the construction of 15 Type-III residential towers (600 units), one Type-IV tower (40 units), one Type-V tower (30 units), one HOP Bungalow, and a shopping complex, with a total contract price of Rs 588.57 Crores (inclusive of GST) and a completion period of 30 months, followed by a 12-month defect liability period. Neither the promoter group nor any group companies have any interest in RVNL, and the contract does not constitute a related party transaction.