Home / Business and Economy / Ramky Bags ₹1,401 Cr Dighi Port Infra Project
Ramky Bags ₹1,401 Cr Dighi Port Infra Project
5 Mar
Summary
- Ramky Infrastructure secured a ₹1,401 crore EPC contract.
- The project involves infrastructure development within Dighi Port Industrial Area.
- The project completion timeline is set for 930 days with a 4-year O&M period.
Ramky Infrastructure has finalized an agreement with Maharashtra Industrial Township (MITL) for Engineering, Procurement, and Construction (EPC) works at Dighi Port Industrial Area (DPIA) Phase 1. This substantial contract is valued at ₹1,401 crore, inclusive of Goods and Services Tax and future Operations and Maintenance (O&M) revenues.
The project is slated for completion within 930 days from the appointed date. Following completion, a four-year O&M period will commence, extendable upon mutual agreement. MITL, a Special Purpose Vehicle supported by the Indian and Maharashtra governments, is overseeing the development.
This development is a key component of the Delhi Mumbai Industrial Corridor initiative. The work scope encompasses the entire project lifecycle, from initial design and engineering through to construction, testing, and commissioning. Ramky Infrastructure's CEO highlighted the project's importance and their commitment to predictable outcomes.
