RPP Infra Projects shines on bagging order from Sumitomo Electric Industries

31 Aug 2017

RPP Infra Projects is currently trading at Rs. 266.55, up by 4.15 points or 1.58% from its previous closing of Rs. 262.40 on the BSE.

The scrip opened at Rs. 264.50 and has touched a high and low of Rs. 269.20 and Rs. 260.00 respectively. So far 21,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 362.20 on 10-Feb-2017 and a 52 week low of Rs. 138.50 on 16-Nov-2016.

Last one week high and low of the scrip stood at Rs. 269.70 and Rs. 248.00 respectively. The current market cap of the company is Rs. 602.42 crore.

The promoters holding in the company stood at 52.51%, while Institutions and Non-Institutions held 9.10% and 38.39% respectively.

RPP Infra Projects has bagged order from Sumitomo Electric Industries by sub-contracting a portion of the project -- Setting up +/- 320KV, 2x1000MW VSC base HVDC Terminals and DC XLPE Cable system between Pugalur and North Trichur associated with HVDC Bipole link between western region (Raigarah, Chhattisgarh) and Southern region (Pugalur, Tamilnadu - North Trichur, Kerala).

Scope of the work include construction of concrete duct bank and supply of all necessary items including HDPE pipes for 13.50 Km from Vadakkancherry for worth of Rs 38.90 crore. The said work is to be completed within 18 Months.

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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