MoneyWorks4Me

RPP Infra Projects bags new work order of Rs 231.77 crore

12 Jan 2021 Evaluate

RPP Infra Projects has bagged new prestigious work order for an amount of Rs 231.77 crore from Highways Department for ‘Chennai Kanyakumari Industrial Corridor Projects’. The Company has to execute these orders within a period of 24 months. The above work order has been awarded to the joint venture, RPP-RK (JV), where the Company holds 60% of the shares and joint venture partner R.K. Infra Corp, holds 40% of the shares. As decided by the joint venture, this work order will be executed by RPP Infra Projects subject to completion of formalities.

Further, with the above work order, the company is on way to have order book of Rs 2,000 crore as on date. These order books would result in improved financials of the company.

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.

Peers
Company Name CMP
Larsen & Toubro 3926.80
Kalpataru Projects 1395.10
NCC 135.20
Rail Vikas Nigam 212.75
KEC International 397.65
View more..