Ramky Infrastructu

What Ramky Infrastructu does

Ramky Infrastructure Limited is a Hyderabad-headquartered, publicly listed integrated construction and infrastructure development company (BSE: 533262, NSE: RAMKY) operating across three segments: Construction Business (EPC contracts for water/wastewater, irrigation, transportation, industrial construction, buildings, and power transmission/distribution executed directly); Developer Business (Build-Own-Operate-Transfer and DBFOT concessions operated through 16 subsidiaries and 3 associates as Special Purpose Vehicles, spanning expressways, tollways, industrial parks, integrated townships, and waste-to-energy plants); and International Business (consultancy through Ramky Engineering and Consulting Services FZC in Sharjah for Middle East and West Africa).

The company employs over 2,000 people, maintains an owned equipment base worth Rs 250 crores, and runs SAP S/4 HANA 1709 as its enterprise platform, with ISO 9001:2015, 14001:2015, and 45001:2018 certifications audited by TUV Nord India. Its technical differentiators include UASBR and SBR wastewater treatment capabilities, co-design of India's first major hazardous waste landfill facility, and India's first Jawaharnagar Leachate Treatment Plant commissioned in 2022.

Revenue is generated primarily through competitive bidding on government infrastructure contracts (central ministries, state departments, municipal corporations, and PSUs including NHAI, NTPC, and state water boards), supplemented by multi-decade toll and annuity streams from the DBFOT portfolio and fee-based consultancy internationally. Projects are custom-priced per contract; pricing is not publicly disclosed. Founder Alla Ayodhya Rami Reddy and Managing Director Yancharla Rathnakara Nagaraja retain 69.81% promoter control, with 17.94% of total shares pledged as of Q4 FY 2025-26.

Name

Ramky Infrastructu

Legal name

Ramky Infrastructure Limited

Website

https://ramkyinfrastructure.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Ramky Infrastructure Limited is a Hyderabad-based publicly listed EPC and PPP infrastructure developer executing water, transportation, irrigation, industrial, power, and waste-to-energy projects for central and state governments across India, with a DBFOT portfolio operated through 16 SPV subsidiaries and limited international consultancy in the UAE.

Ownership category

akta.pro rank

Product category

Infrastructure Construction Services

NAICS

Utility System Construction (2371), Water Supply and Irrigation Systems (221310), Architectural, Engineering, and Related Services (5413)

SIC

Services-Engineering, Accounting, Research, Management (8700), Water Supply (4941)

akta.pro primary industry

Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE)

Keywords

• Civil infrastructure construction
• Wastewater treatment EPC
• Public-private partnerships
• BOT tollway projects
• Industrial park development

Headquarters

HQ city

Hyderabad

HQ country

India

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Construction Business: EPC (Engineering, Procurement, and Construction) contracts for water/wastewater projects, irrigation, transportation, industrial construction, building construction, and power transmission/distribution. Revenue is project-based and one-time per contract.
2. Developer Business (BOT/DBFOT Projects): Build-Own-Operate-Transfer (BOOT) and Design-Build-Finance-Operate-Transfer (DBFOT) projects operated through 16 subsidiaries and 3 associates as Special Purpose Vehicles. Revenue comes from toll collections, lease income, and operational services over extended periods.
3. International Business: Consultancy services for infrastructure development, waste management, environment and property development through Ramky Engineering and Consulting Services FZC in Sharjah, UAE.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Ramky Infrastructure Limited is an integrated construction and infrastructure development company operating across three business segments: Construction Business, Developer Business (BOT/DBFOT), and International Business. The company delivers EPC services, design-build, and public-private partnership projects spanning water and wastewater management, irrigation, industrial construction, transportation (including toll roads), building construction, and power transmission and distribution. Headquartered in Hyderabad, Telangana, India, it serves central, state, and municipal government agencies as well as private industrial clients across India and international markets.

Product overview

Ramky Infrastructure Limited operates as an integrated construction and infrastructure development company with three principal business segments: Construction Business (directly operated), Developer Business (operated through subsidiaries and associates), and International Business. The Construction Business encompasses water and wastewater projects, irrigation, industrial construction, transportation, building construction, and power transmission/distribution. The Developer Business focuses on Industrial Parks (including SEZs and pharma cities), Integrated Townships, Transportation Infrastructure (terminals), and Energy Projects, typically undertaken on public-private partnership basis. The International Business provides consultancy services in infrastructure, waste management, environment, and property development through a UAE subsidiary. The company maintains ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications and operates SAP S/4 HANA ERP systems.

Differentiator

Problem solved

Functional benefit

Products and services

• Water and Wastewater Management EPC
• Irrigation Infrastructure Construction
• Industrial Construction Services
• Transportation Infrastructure (Roads, Highways, BOT/DBFOT)
• Building Construction Services
• Power Transmission and Distribution (T&D)
• Real Estate and Industrial Park Development
• International Infrastructure Services

Named customers14 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Ramky - SMC JVcoreStrategic or Co-development PartnerJoint venture partnership for infrastructure construction projects. SMC likely refers to a specialized construction partner for specific project execution capabilities.
• Ramky - ECI JVcoreStrategic or Co-development PartnerJoint venture for infrastructure development projects. ECI (Engineering and Construction Inc.) partnership for enhanced project delivery.
• Ramky - Elsamex JVcoreStrategic or Co-development PartnerOngoing joint venture partnership for road and highway projects. Elsamex is an international road infrastructure company.
• Ramky - VSM JVminorStrategic or Co-development PartnerJoint venture for specialized infrastructure construction projects.
• Srishti - Ramky JVminorStrategic or Co-development PartnerJoint venture combining Srishti's expertise with Ramky's infrastructure capabilities.
• Ramky - WPIL JVcoreStrategic or Co-development PartnerJoint venture for water and wastewater treatment plant projects. WPIL (Water and Power Infra Projects) brings specialized water sector expertise.
• Somdutt Builders - Ramky JVminorStrategic or Co-development PartnerJoint venture for construction projects combining Somdutt Builders' capabilities with Ramky's infrastructure expertise.
• Ramky ECAIPL JVminorStrategic or Co-development PartnerJoint venture entity for specific infrastructure development projects.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• NCC Limited: Indian listed EPC contractor with overlapping segments in water, irrigation, roads, buildings, power T&D and industrial construction. Directly comparable on tender-driven government order book, multi-disciplinary EPC execution and listed mid-tier infrastructure peer set.
• Welspun Enterprises: Indian infrastructure developer with water, roads and urban infra EPC + BOT concessions. Highly comparable to Ramky's water/wastewater focus and PPP/SPV-driven developer business model.
• Sadbhav Engineering: Indian EPC and infrastructure developer in roads, irrigation and mining. Comparable to Ramky across EPC + BOT/annuity business mix and pan-India execution capability.
• Dilip Buildcon: Listed Indian EPC focused on roads, highways, irrigation and urban infrastructure. Comparable as a mid-tier, order-book-driven competitor in the same government-tender pool, with similar reliance on HAM/BOT concessions.
• IRB Infrastructure Developers: Indian highway and BOT toll-road developer/operator. Closely comparable to Ramky's Developer Business SPVs (Hospet Chitradurga, Sehore Kosmi, Hyderabad Ring Road) in concession-based asset ownership and toll revenue model.
• Afcons Infrastructure: Indian EPC contractor with strong marine, urban infrastructure, hydro and transportation portfolio. Comparable to Ramky's specialized infrastructure EPC capabilities and government-client orientation.
• HG Infra Engineering: Highway and infrastructure EPC contractor. Comparable on road/highway construction execution, government client base and order-book dynamics in the mid-tier Indian listed space.

Broad incumbents

• Larsen & Toubro (L&T) Construction: India's largest EPC incumbent covering transportation, water, irrigation, buildings, power, heavy civil and industrial. Directly competes with Ramky in nearly every tender but at materially larger scale, broader capability and stronger balance sheet.
• Tata Projects: Diversified Tata Group EPC company in power, water, urban infra, oil & gas and industrial construction. Comparable to Ramky across most segments; competes for the same government contracts but with stronger capital backing.
• KEC International: Larger RPG Group-listed power T&D, cables and infrastructure EPC player. Comparable to Ramky's Power Transmission & Distribution segment and broader EPC capabilities, but operates at a significantly larger scale and broader geographic footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/ramkyinfra

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ramky Infrastructu