Ramky Infra arm gets certificate for commercial project operations

Srinagar Banihal Expressway, a subsidiary of Ramky Infrastructure , which was awarded the project entailing rehabilitation, strengthening and four-laning of the Srinagar-Banihal section of the highway, has received provisional completion certificate from the Independent Engineer. It has been declared fit for entry into commercial operations effective from March 27. The project, a section of NH-1A, is on Design, Build, Finance, Operate and Transfer (DBFOT) annuity basis under NHDP-Phase-II from the National Highways Authority of India. The stock of Ramky Infrastructure jumped 6.8 per cent at ₹203.75 on the NSE.