The company would not look at equity dilution to fund new projects but in fact is looking at selling PPP assets worth Rs 1700 crore from the road sector said Goutham Reddy, Managing Director, Ramky Group.
Ramky Infrastructure came out with their Q3 numbers, sales were up 6.5 percent. At an earnings before interest, taxes, depreciation and amortisation (EBITDA) level it was a slightly lower performance of 11 percent fall to Rs 124 crore.
CNBC-TV18 spoke to Goutham Reddy, company‘s executive director regarding the ED attachment and how it will impact the balance sheet of the Ramky Infrastructure
In an interview to CNBC-TV18, Goutham Reddy, managing director of Ramky Group gives the details of the Agra-Etawah road project.
Ramky Infrastructure, the flagship company of the Ramky Group, today said it bagged two major orders worth Rs 2,240 crore under the National Highways Development Project (NHDP).
Infrastructure company Ramky has bagged contracts worth Rs 1,006 crore in the civil works, water supply and residential township areas.
One more scam rocks India Inc. The Andhra Pradesh High Court has ordered a deeper CBI probe into the alleged massive kickbacks received by the late chief minister YSR Reddys son, YS Jagan Mohan Reddy.
In an interview with CNBC-TV18, Goutham Reddy, executive director of Ramky Group, spoke about company's performance and the road ahead.
Conglomerate ITC and waste management entity Ramky Group may jointly set up a paperboard manufacturing plant using waste paper as raw material.
In an interview with CNBC-TV18, Goutham Reddy, executive director of Ramky Group, spoke about company's fourth quarter performance and the road ahead.
Post budget reaction by Goutham Reddy- Executive Director, Ramky Group.
Goutham Reddy, ED, Ramky Group, in an interview on CNBC-TV18 says that infrastructure companies, if well managed, will be able to stomach interest rate increases.