RPP Infra Projects is currently trading at Rs. 69.55, up by 2.45 points or 3.65% from its previous closing of Rs. 67.10 on the BSE.
The scrip opened at Rs. 67.10 and has touched a high and low of Rs. 70.30 and Rs. 67.10 respectively. So far 12684 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 74.35 on 03-Jul-2020 and a 52 week low of Rs. 27.25 on 17-Mar-2020.
Last one week high and low of the scrip stood at Rs. 72.25 and Rs. 60.50 respectively. The current market cap of the company is Rs. 157.07 crore.
The promoters holding in the company stood at 53.23%, while Institutions and Non-Institutions held 6.69% and 40.08% respectively.
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.
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