Ramky Infrastructure expects to secure around ₹6,000 crore of order inflows in FY27, supported by opportunities in wastewater treatment, industrial parks and a circular economy project under discussion with a state government, according to Sunil Nair, chief executive officer of the company. The company entered FY27 with an order book of around ₹13,000 crore and expects growth opportunities to emerge from wastewater treatment and reuse projects, industrial parks, and a circular economy model centred on recycling treated wastewater for industrial consumption. Nair said the company expects strong growth in the wastewater business, especially around a circular economy model project that is of significant size, scale and complexity, and they are looking at international funding for it.
According to Nair, India generates around 70,000-72,000 million litres per day (MLD) of wastewater, while only about 28 per cent is reused. The company is working with states, industrial clusters and data centres to treat wastewater and supply it back to these facilities at the required purity levels. "We are working with states, industrial clusters and data centres to treat wastewater and supply it back to these facilities at the required purity levels. Instead of dumping wastewater into rivers and seas, we build STPs, treat the sewage and recycle the water. That creates a full circular economy model," Nair said. The company sees strong growth in the wastewater business, especially around a circular economy model project with a state government that is of significant size, scale and complexity.
The company is also evaluating opportunities in carbon capture as a new business segment, working with a US technology provider and currently engaged with NTPC and refinery operators in the segment. According to Nair, carbon capture is one area where we are working with technology suppliers. There is a tremendous opportunity in the carbon capture sector. The company is also pursuing opportunities in offshore water treatment and off-spec water treatment through a partnership with an American technology company. On international business, Nair said it could contribute around 10-15 per cent over the next couple of years as it pursues opportunities in Saudi Arabia, the UAE and Oman across water, wastewater, waste management and industrial parks.
Among ongoing projects, Nair highlighted the company's role in developing a life sciences park near Dighi Port in Maharashtra. "We are building one of India's first life sciences parks, which can be compared with world-standard clusters. We are not just building plots. We are building R&D centres, schools, hospitals, logistics facilities and skill-development centres, so companies can simply plug and play," he said. The company's Maharashtra Industrial Township Limited (MITL) project, a Maharashtra Industrial Development Corporation (MIDC)-Centre joint venture in which Ramky is executing EPC and O&M work, will see road, power-distribution and water-infrastructure works commence this year. The company expects to complete infrastructure worth ₹2,500-3,000 crore over the next two years.
On FY26 performance, Nair said the company recorded about 40 per cent growth in consolidated profit after tax, which he attributed to disciplined execution, balance-sheet strengthening and operational performance. Nair said Ebitda margins are in the 15-20 per cent range. "Our portfolio of projects is very different from a typical EPC company. We do have long-term investment models, we have BOT and HAM projects, and projects that are strategic in nature. So, the margins are far better than the typical EPC contracting business. Ebitda margins are towards 15-20 per cent," he said. On the impact of the West Asia conflict, Nair said the company has seen only a limited effect on existing projects through higher metal costs and does not currently have project exposure in the region.
