New road projects boosts Ramky Infrastructure

December 12, 2011

Ramky Infrastructure surged 7.19% to Rs. 220 at 14:35 IST on BSE after the company said it has secured two road projects aggregating Rs. 2240.65 crore from National Highways Authority of India.

The company made this announcement during trading hours today, 1 December 2011.

Meanwhile, the BSE Sensex was up 355 points, or 2.2% to 16,478.46.

On BSE, 35,995 shares were traded in the counter as against average daily volume of 6,139 shares in the past one quarter.

The stock hit a high of Rs. 226.70 and a low of Rs. 208 so far during the day. The stock had hit a record low of Rs. 200 on 5 October 2011. The stock had hit a 52-week high of Rs. 363.85 on 1 December 2010.

The stock underperformed the market over the past one month till 30 November 2011, falling 14.21% compared with the Sensex’s 9.44% fall. The stock had also underperformed the market in past one quarter, sliding 9.84% as against Sensex’s decline of 3.32%.

The mid-cap infrastructure developer has an equity capital of Rs. 57.20 crore. Face value per share is Rs. 10.

Ramky Infrastructure said the first road project is for six laning of Agra – Etawah bypass section of national highway (NH)-2 covering the stretch between 199.660 Kilometres (KM) to 323 KM under National Highways Development Project (NHDP) Phase V in Uttar Pradesh. The project is to be executed on built-operate-transfer (BOT) (Toll) on design, build, finance operate and transfer (DBFOT) pattern, the company said in a statement. The concession period for the project is 30 years including the construction period of 910 days. The estimated cost of the project as per the client is Rs. 1207 crore, Ramky added.

The second road project involves four laning of Hospet – Chitradurga section of NH-13 covering the stretch between 299 KM to 418.60 KM in Karnataka under NHDP Phase III. The project is to be executed on BOT (Toll) on DBFOT pattern, the company said in a statement. The concession period for the project is 25 years including the construction period of 910 days. The estimated cost of the project as per the client is Rs. 1033.65 crore, Ramky added.

On a consolidated basis, Ramky Infrastructure’s net profit rose 9.5% to Rs. 44.20 crore on 31.6% rise in net sales to Rs. 736.63 crore in Q2 September 2011 over Q2 September 2010.

Ramky Infrastructure is an integrated construction, infrastructure development and management company. Since the commencement of its business in 1994, the company has undertaken a range of construction and infrastructure projects in various sectors such as water and waste water, transportation, irrigation, industrial construction & parks (including special economic zones), power transmission and distribution, and residential, commercial & retail property.

Source: indiainfoline.com

Written by ITW Editor · Filed Under NHAI, Ramky Infrastructure Ltd.

Supreme Infrastructure secures 2 new Road BOT projects

December 12, 2011

Supreme Infrastructure India Limited has added Two Road projects on BOT basis and a project in building vertical.

Jaipur Ring Road – This project is for the development of the outer ring road in Jaipur city. The project has been bagged by Supreme Infrastructure India Ltd. (SIIL) and its JV partner Constructora Spain S.A. (Sanjose ). The cost of the project is estimated at Rs. 1,045 crore and will be a 60:40 JV between Sanjose and Supreme Infrastructure India Ltd. (SIIL). The project is awarded by Jaipur Development Authority (JDA). The EPC work will be executed jointly by Supreme and Sanjose in equal proportion. This project will be housed in the SPV, Sanjose Supreme Tollways Development Private Limited.

Patiala Malerkotla Road – Supreme Infrastructure India Ltd. has taken over a partially completed project from the original concessioner. The project is in the State of Punjab and necessary approvals from Punjab Infrastructure Development Board has been taken by the Company in this respect. The project cost is estimated at Rs. 93 crore and is expected to get completed in 4 months. This project is housed in the SPV Supreme Infra Projects Private Limited. The entire equity of this SPV is held by Supreme Infrastructure BOT Private Limited, a 100% subsidiary of Supreme Infrastructure India Limited. The EPC work will be executed by Supreme Infrastructure India Ltd.

The company also received a work order for ESIC Hospital – Phase 2, Mumbai Work for the construction of 2nd Phase of ESIC Hospital, Mumbai has been awarded to the Company. The 2nd phase of the Hospital is in addition to the 1st Phase of the Hospital which is already under execution by the Company. Order size is Rs. 110 Crore and is expected to be executed by December – 2013.

The stock was trading at Rs.183, up by Rs.2.85 or 177%. The stock hit an intraday high of Rs.188.95 and low of Rs.177.

The total traded quantity was 10912 compared to 2 week average of 6825.

Source:http://www.equitybulls.com

Written by ITW Editor · Filed Under BOT, Supreme Infrastructure India Ltd.