RPP Infra Projects receives new work orders worth INR 174.03 Crores

RPP Infra Projects Limited has announced a new order win worth INR 174.03 Crores in JV (49:51).The company (49 % holding) along with its JV partner (51 % holding) has won an order for the construction of Integrated Storm Water Drain in North Korattur Lake Watershed of Kosasthalar basin in the extended area of Greater Chennai Corporation under Integrated Urban flood Management for the Chennai Kosasthalalyar Project funded by Asian Development.

Further, with the above work order, the Company is on way to have order Book of Rs. 2,000.00 Crores at the end of FY21. These orders would result in improved financials of the Company.

Shares of RPP INFRA PROJECTS LTD. was last trading in BSE at Rs.68.45 as compared to the previous close of Rs. 67. The total number of shares traded during the day was 10711 in over 166 trades.

The stock hit an intraday high of Rs. 70.05 and intraday low of 68.2. The net turnover during the day was Rs. 743047.

Source : Equity Bulls

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