Shares of Ramky Infrastructure rose more than 9 percent in the opening trade on March 5 after the company secured an EPC contract worth ?1,401.84 crore from Maharashtra Industrial Township.

At 09:21am, Ramky Infrastructure was quoting at Rs 470.00, up Rs 39.70, or 9.23 percent, on the BSE.

In an exchange filing, the company said it has entered into an agreement with MITL for EPC-based infrastructure works within the Dighi Port Industrial Area (DPIA) Phase 1 under the Delhi-Mumbai Industrial Corridor (DMIC).

The total contract value stands at ?1,401.84 crore. The project is scheduled to be completed within 930 days from the appointed date, followed by an Operations and Maintenance (O&M) period of four years from the issuance of the completion certificate. The O&M tenure may be extended by another six years upon mutual agreement between MITL and the company.

MITL is a Special Purpose Vehicle (SPV) formed with equity participation from the Government of India and the Maharashtra State Government for the development of Parcel B of the Dighi Port Industrial Area in Raigad district, Maharashtra.

The scope of work includes end-to-end execution — from design and engineering to construction, testing, commissioning, and performance-based operations.

Ramky Infrastructure said it will execute the project using its in-house engineering, planning, and commissioning expertise, supported by standardized monitoring and delivery systems.

The company had posted 31 percent jump in its December quarter net profit at Rs 78.52 crore from Rs 59.80 crore in December 2024, while revenue rose 6.5 percent at Rs 488.92 crore against Rs 459.09 crore, YoY.