Ramky Infrastructure gets ₹589 crore RVNL order for Bacheli housing

The contract in numbers

Contract value and scope

The filing puts the Total Contract Price at INR 588.57 crore (approx.), inclusive of GST, for the work in Bacheli.

The scope lists 15 Type-III residential towers (S+10) with 600 units, one Type-IV tower with 40 units, one Type-V tower with 30 units, one HOP Bungalow Type-VII (G+1), one Shopping Complex and cafeteria (G+1), and associated external development and infrastructure works.

Set against Blacklitt's market value of ₹1,699 crore at the 23 Oct 2026 close, the contract price is about 34.6% of that figure. The filing does not say how the price will be split across the scope items.

Timeline and contract terms

The filing says construction must be completed within 30 months from the Appointed Date, and the defect liability period runs for 12 months from completion of work.

Scale against recent results

For scale, the company reported consolidated total income of ₹543.32 crore for Q1 FY27, up 23.4% year on year, and consolidated net profit of ₹38.80 crore, down 49.6% year on year.

The filing does not link this contract to those results, so the two figures are shown side by side only.

What the order means for Ramky Infrastructure's shareholders

The company has entered a contract agreement with RVNL for a construction package with a stated price of ₹588.57 crore including GST. The filing does not say what revenue or profit impact the contract will have on the company's results, what share of the order book it represents, or when work will start, beyond the 30-month period from the Appointed Date, which the filing does not give.

The next step set out in the filing is the construction period of 30 months from the Appointed Date.

Reference: Original filing (PDF)