The company has signed definitive agreements with Ramky Infrastructure for sale of entire equity stake of 11,67,50,000 shares.
The significance of 'Provisional Completion Certificate' would mean that the company is now entitled to receive annuity from NHAI as per the provisions of Concession Agreement.
Ramky Infrastructure today returned to black posting a net profit of Rs 27.63 crore in the third quarter ended December 2016.
The company had posted a standalone net loss from ordinary activities after tax of Rs 83.6 crore in the corresponding quarter of previous fiscal, Ramky Infrastructure said in a BSE filing.
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Company's net loss from ordinary activities after tax in the corresponding quarter of previous fiscal was Rs 63.01 crore, Ramky Infrastructure said in a filing to BSE.
National Highways Authority of India (NHAI) has awarded contracts worth Rs 1,646 crore to Ashoka Buildcon and Ramky Infrastructure for building two highway projects in Jharkhand.
Mahindra and Mahindra | Max India | Dish TV | Hexaware | Tata Steel | Marico | DLF | SRS | Cupid | Ramky Infra | Capital First | NALCO | IndiaNivesh | Hinduja Ventures and Emami are stocks, which are in the news today.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today.
It includes order of Rs 50.74 crore for development and beautification of road / crossing from Hall gate to Golden temple and back to Pink plaza, Amritsar including shifting of utilities / services.
"Ramky Infrastructure Ltd has been awarded projects worth Rs 612.88 crore in the states of Chhattisgarh and Punjab," the company said in a BSE filing.
Ramky Group Managing Director Goutham Reddy says two large road projects in Jammu and Kashmir and Andhra Pradesh boosted Ramky Infra's revenues.
Ramky Infrastructure reported standalone net profit of Rs 173.53 crore for the fourth quarter ended March, on the back of higher income
Its total income rose to Rs 349.49 crore in third quarter from Rs 304.56 crore in same period of the last fiscal, the company said in a regulatory filing today.
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"YES Bank has participated in joint lenders forum (JLF) restructure and has completed the documentation," said the company in its statement.
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Jay Thakkar, CMT at Sharekhan is of the view that above Rs 36.50, Ramky Infra may test Rs 43.