New Launch13 Mar 2026, 09:24 am
Ramky Infrastructure Ltd Secures 95-Year Concession for High-Tech Pharmaceutical Park in Maharashtra
AI Summary
Ramky Infrastructure Ltd, through its wholly owned subsidiary Maha Integrated Life Sciences City Limited, has entered into a Concession Agreement with Maharashtra Industrial Development Corporation (MIDC) for the development, operation, maintenance, and management of a High-Tech Pharmaceutical Park in Dighi Port Industrial Area, Mangaon & Roha Taluk, Raighad District, Maharashtra. The project, estimated to cost around INR 3,000 Crores, will be executed on a PPP basis for a period of 95 years, including a construction period of 5 years.
Key Highlights
- The project aims to provide a one-stop holistic solution to the Life Sciences and Pharma Sector, offering sustainable infrastructure.
- Revenue will be generated through land lease premium, development charges, maintenance income for services, and operation income from utilities.
- The project is expected to position Ramky Infrastructure Ltd as a major player in the Country with niche experience in the Life Sciences and Pharma Sector.
- The total project cost is estimated at around INR 3,000 Crores.
- The project includes the development of an Industrial Park over an area of 1000 hectares, primarily consisting of Industrial Zone, Commercial Zone, Common Amenities, Utilities, Open spaces and Roads.