Ramky Infrastructure Limited bags contracts worth INR 131.19 Crores in the Union Territory of Ladakh

Bangalore, 27th June 2024: Ramky Infrastructure Limited a leading organization in the realm of infrastructure development has received two orders to implement the distribution of the infrastructural works of Ladakh Power Development Department from Power Grid Energy Services Limited. The first contract worth ₹107.39 Cr (Excluding GST) and the second contract worth ₹23.80 Cr (Excluding GST) for the supply of plant and installation services respectively, in the districts of Leh & Kargil of UT of Ladakh.

PowerGrid Energy Services Limited, a wholly-owned subsidiary of PowerGrid Corporation of India Limited has awarded the contracts to Ramky Infrastructure Limited to be executed over a period of 30 months. The contracts were awarded for the loss reduction work under the Revamped (results-linked) Distribution Sector Scheme (RDSS) in the Leh district.

The RDSS scheme is intended to minimize the Aggregate Technical & Commercial (AT&C) losses in Ladakh, which are projected to be reduced from 49.04% in 2021-22 to 27.85% by 2024-25. With a sanctioned cost of Rs. 687.05 Crores, the RDSS includes the Grid connectivity of the Changthang Region, Downline infrastructure in the Zanskar Region along with the Loss Reduction works in the Leh and Kargil Districts of UT of Ladakh.

The scope of the project broadly involves the construction and commissioning of seven 66KV electricity substations, 70 km of new electricity distribution lines, 550 km of reconditioning by AB cable, and the installation of approximately 400 distribution transformers.

On receiving the contracts in the northernmost union territory of India, Mr. Y. R. Nagaraja, Managing Director of Ramky Infrastructure Limited said “We are pleased to be awarded to execute the contracts for the loss reduction works in the Leh district of the Ladakh union territory as it reflects our commitment and adherence to quality standards. This project enhances our capability to develop urban infrastructure projects in challenging and complex terrains. We look forward to executing the contract by late 2027 or early 2028.

The government aims to improve operational efficiency and financial sustainability through these projects. They will offer result-based financial aid to DISCOMs for strengthening supply infrastructure, contingent on meeting pre-qualifying criteria and achieving fundamental benchmarks.