Share Market News: RPP Infra Shares Jump 2% With Orders Worth Rs 133 Cr

17 Nov, 2023 Author: Ayushee Joshi

Share Market News: With a market value of Rs. 367 Cr, R.P.P Infra Projects Ltd shares started Thursday’s trading session at Rs. 98.15, up from its previous close of Rs. 96.15. The stock touched a 2% higher circuit at Rs. 98.15, also the company’s new 52-week high. From Rs. 24.2 percent in the June quarter to Rs. 37.2 Cr in the September quarter, revenue climbed by 37 percent. Furthermore, the net profit increased by 63 percent during the same quarter, rising from Rs. 10.44 Cr to Rs. 17.03 Cr.

RPP Infra Bags Multiple Projects

According to the company, it received an order for Rs. 80.85 Cr from RITES Ltd. for the supply, fabrication, and installation of structural steel works, which includes roofing for pre-engineered structures and factories for the planned BMRCL Metro. Another project valued at Rs. 29.75 Cr is from the Tamil Nadu Water Supply and Drainage Board, Madurai. It also covers the provision of additional sources under the reconstruction of Ramnad CWSS, which covers five municipalities, eleven town panchayats, and 3163 rural households in the districts of Ramanathapuram, Sivagangai, and Pudukottai. The construction period is 12 months, and the operation and maintenance period is 60 months.