RPP Infra Projects strengthens on bagging order worth Rs 138.2 crore

09 Apr 2018

RPP Infra Projects is currently trading at Rs. 282.00, up by 2.95 points or 1.06% from its previous closing of Rs. 279.05 on the BSE.

The scrip opened at Rs. 282.00 and has touched a high and low of Rs. 284.90 and Rs. 277.05 respectively. So far 7,855 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 325.30 on 15-Feb-2018 and a 52 week low of Rs. 211.65 on 01-Jun-2017.

Last one week high and low of the scrip stood at Rs. 284.90 and Rs. 265.00 respectively. The current market cap of the company is Rs. 637.34 crore.

The promoters holding in the company stood at 52.51%, while Institutions and Non-Institutions held 7.31% and 40.17% respectively.

RPP Infra Projects has bagged order from Maharashtra State Road Development Corporation (MSRDC) for Rs 138.2 crore. The order is for rehabilitation & Up-gradation of newly declared Badnera road Nagzari Kharda and Murtizapur to Kherda NH161E Section from Dastapur to Karanja Ch 29.074 to 60.374 to two lane with paved shoulders in the state of Maharashtra on Engineering, Procurement & Construction (EPC) mode. The said work will 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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