RDB Infrastructure Announces Major Solar Deals & 10:1 Stock Split; Record Date?

RDB Infrastructure and Power Limited (RDBIPL) has undergone a 10:1 stock consolidation and reaped a new face value of Rs 1 each for its equity shares. This decision has been made to enhance the liquidity of shares and get a broader pool of investors. The split date is set to be announced in the near future.

The company recently received two prime contracts from Tarmat Limited for works based at the Chhatrapati Shivaji Maharaj International Airport, Mumbai (CSMIA). The first contract is for Rs 35.40 crore and is for strengthening and constructing an enclosure road while the second one is Rs 23.60 crore focusing on civil works associated with the construction of Taxiway M' Phase-1. RDBIPL's promoter group YMS Finance Private Limited owns 4.63% shares of Tarmat Limited, and that clearly indicates the collaboration between the two.

In addition to their expanding order inventory, RDBIPL got two contracts from Damodar Valley Corporation (DVC). The first contract is worth R7.51 crore and consists of the EPC for grid-connected rooftop solar PV plants to be implemented on DVC-owned buildings in West Bengal and Jharkhand. This contract also consists of the supply of equipment and service of operation and maintenance for five years.

The second contract covering comprehensive O&M works for existing DVC rooftop solar plants, with a total capacity of around 10 MWp, is valued at Rs 42.76 lakh and is for a duration of five years.

The macro should also show the business performance which is now borne out in the market capitalisation of Rs 946 crore where the promoters hold a majority of the stake at 70.42% and the public 29.58% RDBIPL. The company's stock has made headline performance as it multiplied in value by 450% over the last year, and over 5 years it grew by an astonishing 2650%, gaining multibagger status in the market.

With the company's inception in 1981, RDB Infrastructure and Power Limited (also known by its former name RDB Realty & Infrastructure Ltd) has become one of the main players in the country's real estate and solar markets. The company has a sizeable presence in major cities like Kolkata, Mumbai Hyderabad and is involved in the construction of residential and commercial high-rise apartments, integrated townships, office buildings, and shopping malls.

Adhering to quality and innovation inspired by customer needs, RDBIPL seeks extraordinary development of living and working environments. Trusted sustainability development practices and a focus on customer satisfaction have made RDBIPL a household name in the real estate sector in India.

RDBIPL continues to strengthen its position as a real estate and solar solutions authority owing to its expected stock split coupled with numerous sequential project wins and steady stock performance.