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RPP Infra Projects rises on bagging order worth Rs 189.5 crore from TWAD Board

11 Oct 2017

RPP Infra Projects is currently trading at Rs. 259.00, up by 0.85 points or 0.33% from its previous closing of Rs. 258.15 on the BSE.

The scrip opened at Rs. 260.00 and has touched a high and low of Rs. 276.00 and Rs. 256.00 respectively. So far 27708 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. 276.00 and Rs. 250.25 respectively. The current market cap of the company is Rs. 585.36 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 an order from TWAD Board (Tamil Nadu Water Supply & Drainage Board) worth Rs 189.50 crore. The order is for improvement of water supply distribution system to extended area of Coimbatore City Corporation (Thudiyalur, Vellakinaru, Chinnavedampatti, Saravanampatty, Vilankurichi and Kalapatti) in Coimbatore District including trail run and commissioning followed by paid maintenance for a period of one year of the Scheme (Package-I). The said work is to be completed within 24 months and trial run of 6 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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323