RPP Infra Projects soars on bagging two orders worth Rs 54.20 crore

29 Dec 2016

RPP Infra Projects is currently trading at Rs. 239.65, up by 3.65 points or 1.55% from its previous closing of Rs. 236.00 on the BSE.

The scrip opened at Rs. 245.00 and has touched a high and low of Rs. 246.00 and Rs. 222.55 respectively. So far 212403 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 246.00 on 29-Dec-2016 and a 52 week low of Rs. 102.10 on 20-Jan-2016.

Last one week high and low of the scrip stood at Rs. 246.00 and Rs. 163.00 respectively. The current market cap of the company is Rs. 531.11 crore.

The promoters holding in the company stood at 72.42%, while institutions and non-institutions held 2.21% and 25.37% respectively.

RPP Infra Projects has bagged two orders aggregating worth Rs 54.20 crore. The company has received order from Kamarajar Port for Construction of Container Pre-stacking Yard and Other Ancillary Facilities for worth Rs 24.20 crore. The company has also received order from Annai Infra Developers, Erode for Chennai Corporation to Construct the Integrated Storm Water Drains in Virugambakkam and Arumbakkam Water Shed of Cooum Basin in expanded area of Chennai Corporation for worth Rs 30 crore.

RPP Infra Projects is one of the India’s leading and fast growing Non Metro/Rural based company located at Tamil Nadu and engaged in the business of infrastructure development such as highways, roads, bridges, civil construction works, irrigation and water supply projects and power plant.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323