RPP Infra Projects Ltd Wins New Orders Worth Approx. Rs 482.37 Crores

RPP Infra Projects Ltd. on Monday, Sept 25, 2023, informed the stock exchanges that it has received a letter of acceptance (LoA) for new projects worth Rs 482.37 Crores. The order is for the Road and Drain Works-1, Provision of civil works and Allied Services for the Engine Test Facility along with Ancillary work, and Thoothukudi Corporation - Construction of Storm Water Drain.

Furthermore, RPP Infra Projects Ltd and Sun Construction's joint venture RPP-Sun with the ratio of 51% and 49%, respectively has received orders worth Rs 74.87 Crore (Incl GST). The respective project is Twad - Improvement of existing CWSS to Pudukkottai municipality and three Town Panchayats and fifteen wayside habitations in Pudukkottai district, Tamil Nadu.

Letter Or Acceptence (LoA)

The Board of Directors of RPP Infra Projects said, "We are pleased to inform you that M/s. RPP Infra Projects Ltd has been received a letter of acceptance for a new projects viz," Road and Drain Works-1 for CBR Project of CPCL at Nagapattinam, Tamilnadu at a contract price of INR 300.44 Crores (Incl of GST), Provision of civil works and Allied Services for Engine Test Facility along with Ancillary work for GRTE at Rajankute, Bengaluru, Karnataka at a contract price of INR 90.18 Crores (Incl GST) , and Thoothukudi Corporation - Construction of Storm Water Drain from Ponsubbiah Nagar to Loorthammalpuram Main Road package 4 under ADB Tamilnadu Urban flagship investment Program-tranche 3 at a contract price of INR 16.88 Crore (Incl GST)."

It further added, "We further inform you that M/s. RPP Infra Projects Ltd and M/s Sun Construction - M/s RPP-Sun (JV) with the ratio of 51% and 49% respectively has been received letter of acceptance for a new project - Twad- Improvement of existing CWSS to Pudukkottai municipality and three Town Panchayats and fifteen wayside habitations in Pudukkottai district, Tamilnadu for the Value of INR 74.87 Crore( Incl GST)."

Stock Outlook

The share price of RPP Infra Projects last traded at Rs 67.97 apiece on the BSE. It has given 25.04% positive return in 3 months, and 65.50% in 6 months, respectively. It has given 69.50% positive return in 1 year, and 82.47% in 3 years, respectively. The stock has fallen 40.62% in 5 years.
Its 52-week high is Rs 70 apiece and 52-week low is Rs 34.50 apiece. The stock has a market capitalisation of Rs 255.56 Crore.

About - RPP Infra Projects Ltd.

RPP Infra Projects Limited is a small-cap construction sector company engaged in construction across multiple infrastructure verticals like roads, buildings, industrial structures, power, irrigation and waste management.