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RPP Infra Projects Ltd Bags Order From Power Grid Company Of Bangladesh Limited Worth Rs. 97 Crore

Posted On: 2017-04-19 19:31:29

RPP Infra Projects Ltd have received an order from Power Grid Company of Bangladesh (PGCB). The joint bid submitted by Siemens and RPP Infra Projects Ltd to Power Grid Company of Bangladesh (PGCB) in respect of design, supply, erection, testing and commissioning of 230 KV and 132 KV substations on turnkey basis.

Scope of the order for RPP Infra Projects Ltd will be in the civil work with the share worth Approximately Rs. 97 Crore.

Mr. Arulsundaram - Chairman & Managing Director of RPP Infra Projects Ltd said: This is significant development for RPP Infra Projects Ltd to work with Siemens Ltd, India. This is subsequent development in the right direction for RPP Infra Projects Ltd to execute orders in the International market. The said consortium would provide strength and will create better valuation for RPP Infra Projects Ltd shareholders.

Shares of RPP INFRA PROJECTS LTD. was last trading in BSE at Rs.280.05 as compared to the previous close of Rs. 276.7. The total number of shares traded during the day was 30266 in over 909 trades.

The stock hit an intraday high of Rs. 284.5 and intraday low of 270.6. The net turnover during the day was Rs. 8502392.


Source: Equity Bulls

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