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rpp infra

RPP Infra bags order worth Rs138.2cr; stock advances 1%

RPP Infra Projects Ltd has bagged an order worth of Rs138.2cr from the Maharashtra State Road Development Corporation (MSRDC).

The order is for the rehabilitation & upgradation of the newly declared Badnera road (Nagzari Kharda and Murtizapur to Kherda NH161E section from Dastapur to Karanja Ch 29.074 to 60.374) in Maharashtra to a two lane with paved shoulders on an engineering, procurement, & construction (EPC) mode for Rs138.2cr, the company said in a filing to the BSE. “The said work will be completed within 18 months,” the statement clarified.

RPP Infra’s stock is currently trading at Rs282, up Rs2.95, or 1.06%, from its previous close of Rs279.05 on the BSE. The scrip opened at Rs282 and has touched a high and low of Rs284.90 and Rs277.05, respectively.

So far, 86,842(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs630.65cr.