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Ramky Infrastructure shares rose on Friday after the company won a ₹3,000 crore project from the Maharashtra Industrial Development Corporation (MIDC).
The deets: the project is to develop a large pharmaceutical industrial park in Raigad. It will be built on about 1,000 hectares and will include industrial units, commercial spaces, utilities, roads, and common facilities.
The company will develop and operate the park under a 95-year agreement, earning revenue from land leases, development charges, and maintenance services.
Why this matters: the pharmaceutical park will provide ready infrastructure for drug and life-sciences companies to set up and operate easily. By building and managing this complex project, Ramky Infrastructure is strengthening its position as a key developer of specialised infrastructure for the pharma industry.
