Ramky Infrastructure Limited has announced a significant development in its water infrastructure business. The company's subsidiary, Mallannasagar Water Supply Limited, has successfully executed a Concessionaire Agreement with the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) for an ambitious drinking water supply project.

Project Details

The project, valued at INR 2,085.00 crores, is part of the HMWSSB - Godavari Drinking Water Supply Scheme - Phase-II & Phase-III. It aims to fill the Osmansagar and Himayathsagar Reservoirs with Godavari water, contributing to the rejuvenation of the Musi River. This initiative is being implemented under a Hybrid Annuity Model of Contract.

Scope and Duration

The contract encompasses two main phases:

1. Construction Phase: To be completed within 2 years
2. Operation Phase: Manning, Operation, and Maintenance (MoM) for 10 years following the construction completion

Strategic Importance

This project marks a significant milestone for Ramky Infrastructure, showcasing its capabilities in large-scale water infrastructure projects. The Hybrid Annuity Model, which combines aspects of both EPC (Engineering, Procurement, and Construction) and BOT (Build, Operate, Transfer) models, indicates a long-term commitment and potential for stable revenue streams for the company.

Market Impact

The substantial project value of INR 2,085.00 crores is likely to have a positive impact on Ramky Infrastructure's order book and future revenue projections. Investors and market analysts may view this development as a strong indicator of the company's growing presence in the water infrastructure sector.

Environmental and Social Significance

By contributing to the rejuvenation of the Musi River and enhancing the water supply infrastructure in Hyderabad, this project aligns with broader environmental and social development goals. It underscores the increasing focus on sustainable urban development and water resource management in India's rapidly growing cities.

Ramky Infrastructure's involvement in this project through its subsidiary demonstrates the company's strategic positioning in the water infrastructure segment, potentially opening doors for similar high-value projects in the future.

As the project progresses, stakeholders will be keenly watching its execution and the impact on Ramky Infrastructure's financial performance in the coming years.

Ramky Infrastructure Limited has successfully concluded its debt restructuring process, marking a significant milestone in the company's financial journey. The infrastructure firm has signed an agreement to exit restructuring, effectively resolving a substantial debt of ₹3,859.81 crore.

Restructuring Exit Agreement

According to the company's filing with the stock exchanges, Ramky Infrastructure and its lenders have entered into a Restructuring Exit Agreement (REA) on July 11, 2025. This agreement signifies the end of the Trust & Retention Account (TRA) mechanism and the company's formal exit from the restructuring process.

Debt Resolution Journey

The company had initially entered into a Restructuring Agreement (RA) with its lenders on June 12, 2015, for a total debt of ₹3,859.81 crore. This debt comprised term loans and working capital facilities. Ramky Infrastructure has reported that the restructured debt, excluding working capital limits, was fully repaid in 2019.

Current Financial Position

Following the execution of the REA, Ramky Infrastructure's financial status has significantly improved:

• The company currently has no term loans outstanding.
• Working capital limits with lenders, which are renewed annually, are now considered regular and standard.
• All accounts and facilities are now operating under normal banking procedures.

Management Statement

The company expressed its gratitude to all stakeholders, including shareholders, investors, lenders, auditors, and other internal and external parties who supported Ramky Infrastructure during challenging times.

Market Implications

This debt restructuring exit is expected to have a positive impact on Ramky Infrastructure's financial position. The resolution of such a substantial debt burden could potentially improve the company's credit profile, reduce financial stress, and provide more operational flexibility.

Investors and market watchers will likely keep a close eye on how this development affects the company's future growth prospects and financial performance in the coming quarters.