Ramky Infrastructure Secures ₹1,401 Crore EPC Contract with MITL
Filing Summary
Ramky Infrastructure Limited has signed an Engineering Procurement and Construction (EPC) agreement with Maharashtra Industrial Township Limited (MITL) for infrastructure works at Dighi Port Industrial Area (DPIA), Phase I. The contract is valued at ₹1,401 Crore, inclusive of GST and Operations and Maintenance revenues. The project involves design, construction, testing, commissioning, and maintenance of infrastructure networks. The completion timeline is set at 930 days from the appointed date, with a four-year Operations and Maintenance period. MITL is a Special Purpose Vehicle formed by the Government of India and Maharashtra State Government.
Ramky Infrastructure Limited has entered into an Engineering Procurement and Construction (EPC) agreement with Maharashtra Industrial Township Limited (MITL) for the development of infrastructure works at the Dighi Port Industrial Area (DPIA), Phase I, Package A. The agreement involves the design, construction, testing, commissioning, operation, and maintenance of infrastructure works on an EPC basis. The project is part of the Delhi Mumbai Industrial Corridor (DMIC) initiative.
The total contract value for this project is ₹1,401 Crore, which includes Goods and Services Tax (GST) and Operations and Maintenance (O&M) revenues. The financial terms of the agreement specify that the project will be executed within a budget that encompasses all necessary infrastructure works and associated services. The contract outlines the financial commitment required for the comprehensive delivery of the project, ensuring all aspects are covered under the agreed budget.
The scope of work under this agreement includes the end-to-end delivery of infrastructure networks such as roads, stormwater systems, water treatment and distribution, sewerage systems, recycled water distribution, power distribution, and utility ducts for Information and Communication Technology (ICT). The project will be executed using Ramky Infrastructure’s internal engineering, planning, and commissioning capabilities, supported by standardized monitoring and delivery controls. The infrastructure package is designed to support industrial operations within the DPIA, enhancing the area’s industrial readiness.
The project is part of the broader development of the Dighi Port Industrial Area in Raigad District, Maharashtra. The infrastructure works are intended to facilitate industrial activities by providing reliable utilities and smoother on-ground operations for businesses setting up in the area. This development is aligned with the strategic objectives of the Delhi Mumbai Industrial Corridor, which aims to enhance industrial infrastructure across key regions.
The timeline for the completion of the project is set at 930 days from the appointed date, with an Operations and Maintenance period of four years from the Commercial Operation Date (COD). This period is extendable upon mutual agreement between the parties involved. The project will be executed by Ramky Infrastructure, with oversight and collaboration from MITL, ensuring adherence to the agreed timeline and quality standards.
Maharashtra Industrial Township Limited (MITL) is a Special Purpose Vehicle formed with equity participation from the Government of India and the Maharashtra State Government. MITL is responsible for developing Parcel B of the Dighi Port Industrial Area, focusing on enhancing industrial infrastructure to support economic growth in the region.
Ramky Infrastructure Limited is a leading infrastructure development company with expertise in industrial infrastructure, water and wastewater management, and urban solutions. Since its incorporation in 1994, Ramky Infrastructure has completed numerous projects in India and overseas, focusing on Engineering Procurement and Construction (EPC) projects. The company is committed to delivering high-quality infrastructure solutions, supported by its ISO-certified management systems.