RPP Infra Projects Limited has announced a new prestigious work order for an amount of Rs. 231.77Crores (Rupee Two Hundred and Thirty One Crore Seventy Seven Lakhs Only)from Highways Department for "Chennai Kanyakumari Industrial Corridor Projects".The Company has to execute these orders within a period of 24 months.
The above work order has been awarded to the joint venture, RPP-RK (JV), where the Company holds 60% of the shares and joint venture partner R.K. Infra Corp. Pvt Ltd., holds 40% of the shares. As decided by the joint venture, this work order will be executed by RPP Infra Projects Limited subject to completion of formalities.
Accordingly, please note both, the work order and establishment of the joint venture as above. Further, with the above work order, the Company is on way to have order Book of Rs. 2,000.00 Crores as on date. These order books would result in improved financials of the Company.
Shares of RPP INFRA PROJECTS LTD. was last trading in BSE at Rs.63.4 as compared to the previous close of Rs. 68.4. The total number of shares traded during the day was 4293 in over 120 trades.
The stock hit an intraday high of Rs. 69.2 and intraday low of 63. The net turnover during the day was Rs. 283608.