RPP Infra Projects trades higher on winning new order worth Rs 157.87 crore

17 Feb 2021

RPP Infra Projects is currently trading at Rs. 70.90, up by 0.20 points or 0.28% from its previous closing of Rs. 70.70 on the BSE.

The scrip opened at Rs. 70.50 and has touched a high and low of Rs. 71.30 and Rs. 70.50 respectively. So far 1737 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 75.85 on 11-Feb-2021 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. 75.85 and Rs. 65.70 respectively. The current market cap of the company is Rs. 160.24 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 157.87 crore ‘Rehabilitation of irrigation infrastructures’ in G.A. Main Canal from L.S 30.430 Km to 45.290 km and G.A No.4 Channel, G.A No.5 Channel, G.A No.5A Rear Channel and Neivasal Thenpathy Branch Channels with Feeding Tanks in Papanasam and Orathanadu Taluks of Thanjavur District.

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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