RPP Infra Projects zooms on winning order worth Rs 174.03 crore

04 Feb 2021

RPP Infra Projects is currently trading at Rs. 71.50, up by 3.00 points or 4.38% from its previous closing of Rs. 68.50 on the BSE.

The scrip opened at Rs. 68.25 and has touched a high and low of Rs. 72.70 and Rs. 68.25 respectively. So far 11657 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. 72.70 and Rs. 62.00 respectively. The current market cap of the company is Rs. 162.16 crore.

The promoters holding in the company stood at 53.23%, while Institutions and Non-Institutions held 5.47% and 41.30% respectively.

RPP Infra Projects has won new order worth Rs 174.03 crore in JV (49:51).The company (49% holding) along with its JV partner (51% holding) has won an order for the construction of Integrated Storm Water Drain in North Korattur Lake Watershed of Kosasthalar basin in the extended area of Greater Chennai Corporation under Integrated Urban flood Management for the Chennai Kosasthalalyar Project funded by Asian Development.

Further, with the above work order, the Company is on way to have order Book of Rs 2,000.00 crore sat the end of FY21. 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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