Stock Report

R.P.P Infra Projects Wins A New Order Worth INR 170.89 Crores

Posted On : 2023-03-23 20:00:11( TIMEZONE : IST )

R.P.P Infra Projects Wins A New Order Worth INR 170.89 Crores

RPP Infra Projects Limited & M/s. O P Gupta Contractor Pvt. Ltd - M/s. RPP-OPG (JV) has received a letter of acceptance for a new project viz, "Package no MPUSIP 4H- Improvement to water supply service in Sheopurkalan & Badoda Nagar Parishads in Sheopur Districts in Madhya Pradesh at a contract price of INR 170.89 Crores".

M/s. RPP Infra Projects Limited (51% holding) along with its JV partner (49% holding) will invest in the project as per their capacity of holding and complete the above project within the decided timelines.

Further, it's a huge opportunity in the core competency areas of the Company and it's a further boost to the Infrastructure sector. The company is a keen supporter of the various measures taken by the centre and state government.

Shares of R.P.P. Infra Projects Limited was last trading in BSE at Rs. 43.66 as compared to the previous close of Rs. 39.41. The total number of shares traded during the day was 50145 in over 661 trades.

The stock hit an intraday high of Rs. 45.30 and intraday low of 39.00. The net turnover during the day was Rs. 2164868.00.

Source : Equity Bulls


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