Ramky Infrastructure, an integrated construction and infrastructure development company in India, announced that the joint venture (JV) comprising Ramky Infrastructure and T K Engineering Consortium has been awarded the project worth Rs 8.29 billion.

The project is for four laning of NH 52 from of Biswanath Chariali by-pass (Km 208) to Gohpur (Km 265.50) (Total length = 57.50 km) in the state of Assam on EPC basis.

The stock had underperformed the market over the past one month till Apr. 01, 2015, falling 24.43% compared with the Sensex's 3.75% decline. It underperformed the market in past one quarter, declining 14.03% as against 2.74% rise in the Sensex.

Shares of the company gained Rs 3.6, or 8.66%, to trade at Rs 45.15. The total volume of shares traded was 128,468 at the BSE (11.22 a.m., Monday).