Ramky Infra Secures ₹1401 Cr Dighi Port EPC & O&M Contract

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AuthorSimar Singh|Published at:
Ramky Infra Secures ₹1401 Cr Dighi Port EPC & O&M Contract
Overview

Ramky Infrastructure Limited (RIL) has won a significant Engineering, Procurement, and Construction (EPC) contract valued at approximately ₹1,401 Crores for the Dighi Port Industrial Area (DPIA), Phase I. The project includes a 4-year operation and maintenance period, with an option to extend. This award strengthens RIL's position in executing large-scale industrial and urban infrastructure projects.

Ramky Infrastructure Wins ₹1401 Crore Dighi Port Infrastructure Contract

Ramky Infrastructure's consolidated revenue stood at ₹22,104 million in FY24, while its orderbook was ₹7,800 crore as of March 31, 2025.

Reader Takeaway: INR 1401 Cr order bolsters backlog; timely execution of 930-day EPC is key.

What just happened (today’s filing)

Ramky Infrastructure Limited (RIL) announced on March 4, 2026, a significant win for an Engineering, Procurement, and Construction (EPC) contract. The deal is valued at approximately INR 1,401 Crores.

This contract is for infrastructure works at the Dighi Port Industrial Area (DPIA), Phase I, located in Maharashtra.

The project scope encompasses the complete lifecycle: design, construction, testing, and commissioning. It also includes a substantial 4-year operation and maintenance (O&M) period, with an option to extend for another 6 years.

EPC works are to be completed within 930 days from the Appointed Date.

Why this matters

This substantial contract significantly bolsters RIL's order book and reinforces its standing as a capable player in executing large-scale industrial and urban infrastructure projects.

It aligns with national and state government initiatives focused on sustainable development and industrial growth, positioning RIL to contribute to these key objectives.

The backstory (grounded)

Ramky Infrastructure, established in 1994, has a track record in diverse infrastructure sectors, including water and wastewater management, roads, buildings, and industrial parks.

Recently, RIL secured a ₹2,085 crore contract for the Godavari Drinking Water Supply Scheme in Hyderabad, executed under the Hybrid Annuity Model (HAM).

Another significant win in September 2025 was a ₹2,150 crore contract for sewage treatment plants (STPs) in Hyderabad, highlighting its expertise in water infrastructure.

The Dighi Port Industrial Area itself is a large-scale development initiative aimed at attracting significant investment and creating employment in Maharashtra.

What changes now

  • Enhanced Order Book: The INR 1,401 crore contract provides substantial revenue visibility for the coming years.
  • Strengthened Market Position: RIL's role in developing critical industrial infrastructure is solidified.
  • Diversified Project Portfolio: Adds a significant industrial infrastructure project to its construction and O&M segments.
  • Potential for Future Projects: Successful execution could lead to further opportunities within the DPIA or similar large-scale industrial zones.

Risks to watch


  • Execution Timelines: The 930-day EPC completion deadline presents a standard execution risk for large infrastructure projects.

  • Operational Performance: The 4-year O&M phase requires sustained performance and efficient management.

  • Project Financing & Payments: Timely release of staged payments as per the contract is crucial for cash flow management.

Peer comparison

Ramky Infrastructure operates in a competitive EPC and infrastructure development space alongside major players like Larsen & Toubro (L&T), PNC Infratech, KNR Constructions, and NBCC (India) Ltd.

While L&T is a conglomerate with a much larger scale, companies like PNC Infratech and KNR Constructions are direct peers in highway and infrastructure development.

Ramky's order book of ₹7,800 crore as of March 2025 indicates a significant pipeline, comparable to peers who also manage substantial projects.

Context metrics (time-bound)

  • Consolidated revenue for FY24 was ₹22,104 million, with a PAT of ₹2,105 million.
  • The orderbook stood at ₹7,800 crore as of March 31, 2025, providing medium-to-long-term revenue visibility.
  • As of March 31, 2024, ₹4,533.09 crore (52.10%) of the orderbook consisted of O&M income, to be realized over 15-20 years.

What to track next


  • Staged Payment Milestones: Monitor the progress of payments linked to project completion stages.

  • EPC Progress Updates: Track the construction progress against the 930-day timeline.

  • O&M Phase Performance: Observe the commencement and execution of the operation and maintenance phase.

  • Future Contract Wins: Watch for further order book additions, especially in industrial and urban infrastructure segments.

  • Project Site Development: Any updates on the overall development progress of the Dighi Port Industrial Area.

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