Shares of Ramky Infrastructure Ltd were trading in the green and 2% higher on 20 March after the company announced receiving two orders worth Rs 217 crore.

In its regulatory filing, the company said that it has received two orders worth Rs 217 crore from the Greater Chennai Corporation for “Reclamation of Kodungaiyur Dumping Ground through Biomining.”

The first order is for a total consideration of Rs 39.88 crore and the second is worth Rs 176.77 crore, which both are for the reclamation of the dumping ground through biomining that has to be completed in 2 years and 4 months.

Earlier in December, the company announced repaying the debt of Rs 755 crore by paying Rs 425 crore and then a second payment of Rs 330, gaining an extension of the due date for repaying the remaining Rs 516.02 crore.

The company’s material subsidiary, Srinagar Banihal Expressway, has reached a one-time debt settlement with lenders of Rs 1,245.49 crore.

In its quarterly report for October-December, the company’s net profit during the quarter surged by 436.47% year-on-year to Rs 36.48 crore from Rs 6.80 crore reported in the same quarter last year.

The sales during the quarter stood at Rs 440.72 crore, marking a 5.70% YoY increase from Rs 416.97 crore reported in the same quarter of the previous fiscal year.

At 2:40 pm, the shares of Ramky Infrastructure were trading 0.91% higher at Rs 457.80 on NSE.