In early trading on Tuesday, shares of RPP Infra Projects saw a notable 5 percent surge, reaching a 52-week high of Rs 71.36. This significant uptick followed the company's announcement of securing substantial orders totaling Rs 482.37 crore.
As of 12:20 p.m., RPP Infra Projects' shares had risen by 4.99 percent to reach Rs 71.36 on the Bombay Stock Exchange (BSE).
Among the noteworthy contracts awarded to the company is one from Chennai Petroleum Corporation Limited, involving road and drain works-1 of CPCL at Nagapattinam in Tamil Nadu. This contract, valued at Rs 300.44 crore, is expected to be completed within a year.
Additionally, RPP Infra Projects has secured a contract from the Defence Research & Development Organization in Rajankute, Karnataka, for civil works and related services, including ancillary work for an engine test facility. This contract, worth Rs 90.18 crores, is slated for completion within 23 months.
Furthermore, the company has obtained a Rs 16.88 crore contract for the construction of a stormwater drain from Pon Subbiah Nagar to Loorthammalpuram Main Road in Tuticorin.
Sun Construction-RPP (JV) has also received a letter of acceptance for a new project – Twad- Improvement CWSS to Pudukkottai municipality, which covers three town panchayats and 15 wayside habitations in Pudukkottai district, Tamil Nadu. This project holds a value of Rs 74.87 crore.
It is worth noting that RPP Infra's stock price has displayed impressive growth, surging by nearly 85 percent over the past year and by over 72 percent in the year 2023.
