Ramky Infrastructure Limited has secured a comprehensive Engineering, Procurement and Construction (EPC) contract worth ₹1,401.84 crore from Maharashtra Industrial Township Limited (MITL) for the development of Dighi Port Industrial Area (DPIA), Phase I Package A. The contract was formally announced through an official press release dated March 4, 2026, under Regulation 30 of SEBI (LODR) 2015, marking a significant milestone for the infrastructure company.

Contract Overview

The EPC agreement encompasses design, construction, testing, commissioning, operation and maintenance of infrastructure works at Dighi Port Industrial Area. MITL, a Special Purpose Vehicle formed with equity participation from the Government of India and Maharashtra State Government, has awarded this comprehensive infrastructure development project under the Delhi Mumbai Industrial Corridor (DMIC).

Project Scope and Infrastructure Components

The comprehensive infrastructure development includes multiple critical components essential for industrial operations. The project encompasses roads with cross drainage structures, bridges, and avenue plantation, alongside a complete water distribution network including firefighting systems and service reservoirs.

The project will be executed using Ramky Infrastructure's internal engineering, planning, and commissioning capabilities, supported by standardized monitoring and delivery controls. Operations preparedness will be built into the execution roadmap from the outset, enabling a smoother transition from commissioning to performance-based operations.

Management Commentary

Commenting on the contract, Mr. Sunil Nair, CEO of Ramky Infrastructure Ltd, stated that this Letter of Award reinforces the company's execution-led strategy focused on selective, large-format opportunities where engineering depth, commissioning discipline, and lifecycle accountability are critical. He emphasized that DPIA is a high-importance industrial corridor assignment, and the company will apply its in-house delivery systems to ensure predictable commissioning and performance outcomes.

Strategic Business Impact

This contract establishes Ramky Infrastructure as a formidable player with specialized experience in executing industrial and urban infrastructure projects. The company will play a key role in state and central government initiatives for sustainable development, leveraging its ISO 9001:2015 (QMS), ISO 14001:2015 (EMS), and ISO 45001:2017 (OHS) certifications for Quality Management Systems, Environment Management Systems, and Occupational Health & Safety Management Systems.

The infrastructure development will strengthen industrial readiness at Dighi by enabling reliable utilities and smoother on-ground operations for businesses setting up in the area. With over 2,000 skilled professionals and headquarters in Hyderabad, Telangana, Ramky Infrastructure manages business operations across India and overseas markets.

Ramky Infrastructure Limited has successfully obtained the National Company Law Tribunal (NCLT) order sanctioning its scheme of amalgamation, marking a significant milestone in the company's corporate restructuring initiative. The Hon'ble NCLT Hyderabad Bench pronounced the order on February 24, 2026, approving the merger of two wholly owned subsidiaries with the holding company.

Amalgamation Structure

The approved scheme involves the amalgamation of Ramky Infrastructure Limited as the transferee company with two transferor companies:

Key Provisions of NCLT Order

The tribunal's order establishes comprehensive guidelines for the amalgamation process. The scheme becomes binding on all stakeholders, including members, employees, creditors, statutory authorities, and regulatory bodies of the petitioner companies. The NCLT has clarified that the order does not grant exemption from stamp duty, taxes, or other statutory charges that remain payable under applicable laws.

Asset Transfer and Compliance Requirements

The order facilitates seamless transfer of the entire portfolio of assets, properties, rights, and liabilities from the transferor companies to Ramky Infrastructure without requiring additional legal documentation. The tribunal has mandated strict compliance with observations from the Regional Director and Official Liquidator.

Key compliance directives include:

• Preservation of books of accounts, papers, and records without disposal unless permitted by Central Government
• Adherence to all applicable statutory laws and regulations
• Submission of certified copy to Registrar of Companies within 30 days in Form INC-28
• Implementation of necessary consequential actions as per Companies Act, 2013

Legal and Tax Implications

The NCLT order addresses various legal continuity aspects of the amalgamation. All pending legal proceedings involving the transferor companies will continue with Ramky Infrastructure as the successor entity. The company must comply with Accounting Treatment Standards under Section 133 of the Companies Act, 2013.

Regulatory Timeline

The company has been maintaining regular disclosures regarding this amalgamation scheme, with previous communications dated January 23, 2025, January 24, 2025, March 6, 2025, and July 2, 2025. The NCLT order copy has been uploaded on the tribunal's website, while the company awaits the certified copy for final procedural completion.

This amalgamation represents a strategic consolidation move, bringing the wholly owned subsidiaries under the direct operational umbrella of Ramky Infrastructure Limited, potentially streamlining operations and enhancing corporate efficiency.