RPP Infra Projects Ltd bags order from HPCL

RPP Infra Projects Ltd has bagged two new prestigious work orders aggregate worth amount of INR 62.83 Crores from Hindustan Petroleum Corporation Limited (HPCL) for Construction of PEB Structural Sheds Along with Associated Civil Works for POL Terminal at Dharmapuri, VDPL Project and The Executive Engineer (OS) Division, ALHW for Development of Sea Port Terminal at Swaraj Dweep (Havelock Islands) in Andaman & Nicobar Islands. The Company has to execute these orders within a period of 10 and 20 months respectively.

RPP Infra's order book at the end of FY 20 stood at INR 17,882 Million. The Company is well on its way at the end of FY21 order Book will be INR 20,000 Million.

These order books would result improved in financials of the Company.

Shares of RPP INFRA PROJECTS LTD. was last trading in BSE at Rs.54.15 as compared to the previous close of Rs. 54.6. The total number of shares traded during the day was 1575 in over 24 trades.

The stock hit an intraday high of Rs. 62.7 and intraday low of 54.15. The net turnover during the day was Rs. 86689.

Source : Equity Bulls

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