### **Overview** Ramky Infrastructure Limited (RIL), established in 1994 and publicly listed since 2010, is the flagship company of the Ramky Group. With over three decades of experience, RIL is a leading ISO-certified Engineering, Procurement, and Construction (EPC) firm in India. The company operates across key infrastructure sectors including **industrial solutions, water and wastewater management, roads, urban development, and buildings**, delivering end-to-end project lifecycle services — from design and financing to construction and operations. As of August 2025, RIL successfully exited its debt restructuring framework, with lenders reclassifying its account as standard — a strong indicator of financial recovery and operational stability. --- ### **Business Model & Diversification** RIL operates under a **dual business model**: 1. **EPC Projects** – Managed directly by the company. 2. **Developer Activities** – Executed through Special Purpose Vehicles (SPVs), joint ventures, and subsidiaries under Public-Private Partnership (PPP) frameworks. This diversified approach mitigates risks associated with sectoral downturns and supports sustainable revenue generation across geographies and asset classes. --- ### **Core Business Segments** #### **1. Industrial Parks & Pharmaceutical Infrastructure** - RIL is a **pioneer in industrial park development**, most notably through **Visakha Pharmacity Limited (VPCL)**, a strategic 51% owned SPV and public-private partnership with APIIC, the Andhra Pradesh industrial development agency. - VPCL is developing **Jawaharlal Nehru Pharmacity (JNPC)** in Visakhapatnam — India’s largest sector-specific industrial park, spanning **2,400 acres**, dedicated to pharmaceuticals. - The park includes integrated infrastructure: roads, water, sanitation, power, and a **Zero Liquid Discharge (ZLD)-compliant Common Effluent Treatment Plant (CETP)** — a **rare and competitive capability** in India. - Subsidiaries supporting innovation and compliance at JNPC: - **Visakha Pharma Innovation and Incubation Limited**: Provides R&D incubation and regulatory filing support. - **RECEPS Limited**: Offers advanced analytical research facilities for pharmaceutical product development. #### **2. Energy & Sustainability Initiatives** - **Visakha Energy Limited**, a wholly owned subsidiary of VPCL, is setting up a **Combined Heat and Power (COGEN) plant** at JNPC. - Aims to power CETP and other critical infrastructure, reducing dependency on external sources. - Excess steam will be sold commercially, enhancing both **sustainability and ancillary revenue**. #### **3. Water & Wastewater Management** - RIL is a **leader in sustainable environmental infrastructure**, with proven expertise in **Zero Liquid Discharge (ZLD), industrial effluent treatment, sewage treatment, desalination, and urban water systems**. - **Flagship Projects**: - **Hyderabad STPS Limited**: Constructing five decentralized Sewage Treatment Plants (STPs) with **480.5 MLD capacity** (originally planned for six) under Hybrid Annuity Mode (HAM) for GHMC, including 15 years of O&M. Three plants are **already commissioned**, featuring **Sequential Batch Reactor (SBR) technology** — energy and space-efficient. - **HMEDDB STP**: One of India’s largest sewage treatment plants under HAM. - **320 MLD wastewater treatment plant in Hyderabad** using SBR technology. - **Leachate Treatment Plant** at Jawahar Nagar, Hyderabad: - **India’s largest leachate treatment facility**, built under BOO model. - Contract value: **INR 2,510 million**. - Features **steel composite construction** with 12,000 MT structural steel and advanced treatment technologies. #### **4. Urban & Environmental Infrastructure** - **Ever Blooming Eco Solutions Limited (EBESL)**: A wholly owned SPV focused on urban environmental projects under the **Design-Build-Finance-Operate-Maintain (DBFOM)** model. - Signed MOU with CREDAI Bengaluru and Bengaluru Apartment Federation for **residential waste and environmental infrastructure** in Karnataka. - Currently in early development phase, expected to drive future revenue. #### **5. Road & Transportation Infrastructure** - Executed major road projects via subsidiaries and joint ventures: - **Srinagar Banihal Expressway Limited**: National highway project in Jammu & Kashmir. - **Ramky Elsamex Hyderabad Ring Road Limited**: Developed Outer Ring Road, Hyderabad under BOT model (completed and divested). - **Brij Gopal Construction Company (BGCC)**: Longstanding EPC partner in road projects. - Historically completed and divested projects like **NAM (Narketpally, Addanki, Medarmetla) road project** to meet legacy obligations. --- ### **International Strategy (Middle East & Africa)** - RIL is expanding its footprint in the **Middle East and Africa**, focusing on **water and wastewater projects** under **IPP (Independent Project Producer)** and **IWP (Independent Water Producer)** models. - Strategy leverages its strong domain expertise in **desalination, transmission, and sustainable water solutions**. - Aims to **replicate India’s successful industrial park and environmental infrastructure model** in these regions, capitalizing on existing traction. --- ### **Growth Strategy & Strategic Transactions** - **Mergers & Acquisitions (M&A)**: Actively pursuing acquisitions to **expand capabilities, diversify portfolio, and generate synergies**. - **Divestment of VPCL Stake**: - Announced in 2023 to **unlock value and improve working capital**. - Aligns with concession and shareholder agreements with APIIC. - A **20-year sub-concession agreement** ensures continued revenue and operational involvement. - Proceeds will fund expansion under the government’s **Bulk Drug Parks initiative** across India. --- ### **Financial & Operational Highlights (FY24)** - **Turnover**: ~$243 million - **Order Book**: **2.5x to 3x** current execution capacity — ensuring **36 months of revenue visibility** - **Workforce**: ~1,000 direct employees; >10,000 indirect workers - **Environmental Asset Base**: >**500 MLD** of wastewater treatment capacity managed --- ### **Key Leadership** - **Mr. Y. R. Nagaraja, Managing Director** (Civil Engineer, 41+ years): - Led India’s **first Build-Own-Operate (BOO) waste management project** (Hyderabad Waste Management Project). - Co-designed **India’s first major hazardous waste landfill**. - Pioneered UASBR and SBR-based wastewater treatment systems. - **Mr. Sunil Nair, CEO** (Chemical Engineer, CFA): - Former CEO of Utico FZC; managed $200M+ water portfolio. - Turned around a business from $10M to $525M in revenue. - Expertise in international business, BOO/EPC/O&M contracts. - **Mr. I. W. Vijaya Kumar, CFO** (CA, CS): - Over 30 years in project finance, multinational accounting (IFRS/US GAAP), and ERP systems. - Previously CFO at Doowa Group (Bangkok). - **Mr. Chivukula Vasudev** (Former CFO, L&T Geostructures): - 34 years of experience in PPP projects, project finance, and corporate governance. --- ### **Technological & Environmental Leadership** - **Advanced Technologies Deployed**: - **SBR (Sequential Batch Reactor)** - **UASBR (Upflow Anaerobic Sludge Blanket Reactor)** - **ZLD-compliant CETPs** - Recognized for **first-mover innovations** in: - Hazardous waste landfills - Waste-to-Energy plants (Hyderabad) - Leachate treatment using novel processes --- ### **Governance & Subsidiary Structure** - **Owned/JV Entities**: - **Visakha Pharmacity Limited (51%)** – Pharma park development. - **Hyderabad STPS Limited** – STP projects under HAM. - **Ever Blooming Eco Solutions Limited (100%)** – Urban environmental infrastructure. - **MDDA-Ramky ISBus Terminal Limited (100%)** – Dehradun bus terminal & mall. - **Pantnagar CETP Private Limited (100%)** – Effluent treatment for auto sector. - **International Subsidiaries**: - **Ramky Engineering and Consulting Services (FZC), UAE (100%)** - Step-subsidiaries in **Peru (99%)** and **Gabon (100%)**