Ramky Infrastructure Limited has officially executed a concession agreement with the Maharashtra Industrial Development Corporation (MIDC) through its wholly owned subsidiary, Maha Integrated Life Sciences City Limited (MILEs City), for developing a high-tech pharmaceutical park worth ₹3,000 crores in Maharashtra's Raigad district.

Project Agreement Details

The concession agreement was signed for the development of a pharmaceutical park in Dighi Port Industrial Area, covering parts of Mangaon and Roha talukas in Raigad district. The project will be implemented under a Public-Private Partnership (PPP) model following the Design, Build, Finance, Operate and Transfer (DBFOT) framework.

Development Scope and Infrastructure

The Life Sciences City will establish a world-class integrated manufacturing ecosystem across 1,000 hectares, providing comprehensive infrastructure for pharmaceutical, biotechnology, and life sciences companies. The development encompasses multiple specialized zones and advanced facilities.

Revenue Structure and Order Book Impact

The project incorporates multiple revenue streams including land lease premium and rental, development charges, maintenance charges for common infrastructure, and operational charges for utilities and shared facilities. Following this agreement execution, Ramky Infrastructure's order book position has reached approximately ₹13,500 crores.

Strategic Significance

Commenting on the development, Mr. Sunil S Nair, CEO of Ramky Infrastructure Limited, stated that the agreement marks a significant milestone for industrial development and wider community benefits. The project aims to support employment generation, strengthen regional infrastructure, encourage innovation, and attract long-term investment into Maharashtra while creating a globally competitive manufacturing environment for pharmaceutical and biotechnology companies.

The pharmaceutical park is expected to stimulate growth in ancillary industries, generate significant direct and indirect employment opportunities, and strengthen industrial infrastructure in the region while maintaining high standards of environmental safety and regulatory compliance.

Ramky Infrastructure Limited's Board of Directors has approved a strategic acquisition proposal in the water and waste water management sector during their meeting held on 11.03.2026. The decision marks a significant step in the company's expansion strategy within the infrastructure solutions domain.

Board Meeting Outcomes

The board meeting, which commenced at 01:00 PM and concluded at 06:45 PM, focused on evaluating and approving the acquisition of a company operating in India's water and waste water management sector. This strategic move aligns with Ramky Infrastructure's growth objectives in the infrastructure space.

Strategic Expansion Initiative

The proposed acquisition is expected to strengthen Ramky Infrastructure's market position in two key areas:

• Water and Waste Water (WWW) Management: Enhanced capabilities in water treatment and management solutions
• Urban Infrastructure Solutions: Expanded service offerings in urban development projects

This acquisition represents the company's commitment to diversifying its infrastructure portfolio and capturing opportunities in India's growing water management sector.

Implementation Framework

The Board has established a clear execution pathway for the acquisition process. The board committee of Ramky Infrastructure has been granted authorization to deliberate and execute the Share Purchase Agreement (SPA) along with other allied agreements necessary for completing the transaction.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (LODR) 2015 by informing both major stock exchanges about the board meeting outcomes. Further details regarding the acquisition will be communicated to the stock exchanges following the execution of the share purchase agreements.

The announcement reflects Ramky Infrastructure's systematic approach to corporate governance and regulatory compliance while pursuing strategic growth opportunities in India's infrastructure sector.