RPP Infra Projects Ltd has been awarded a significant contract by Bharat Heavy Electricals Limited (BHEL), one of India's leading public sector undertakings, for the fabrication and supply of factory finished structures to various BHEL project sites across the country, further contributing to the nation's infrastructure development.
The total value of the contract is Rs. 1125.94 Crores (One Thousand One Hundred Twenty Five Crores Ninety Four Lakhs only), reflecting the scale and importance of this order. The scope of the contract involves the fabrication and supply of high-quality factory finished structures ta various BHEL project sites in India.
This prestigious order not only underscores the trust and confidence BHEL has placed in the Company but also strengthens our position in the engineering and manufacturing sector. The successful execution of this contract will significantly enhance our capabilities in handling large-scale, complex projects, further establishing the Company's credentials as a reliable partner for such high-value undertakings. We received the loa on Saturday evening.
The award of this order marks a critical milestone inthe Company's growth strategy. It opens up further opportunities to bid for and secure similar projects in both the Public and Private Sectors, thereby expanding our footprint. This order will serve as a benchmark for our future pursuits, setting the stage for more substantial collaborations with industry leaders in diverse sectors.
The Company is confident that the execution of this order will not only strengthen our operational capabilities but also enhance our reputation in the industry, positioning us for sustained growth in the coming years.
Shares of R.P.P. Infra Projects Limited was last trading in BSE at Rs. 132.00 as compared to the previous close of Rs. 127.35. The total number of shares traded during the day was 18066 in over 475 trades.
The stock hit an intraday high of Rs. 133.85 and intraday low of 124.60. The net turnover during the day was Rs. 2355335.00.