RPP Infra Projects Ltd receives new project worth Rs. 104.55 crores

RPP Infra Projects Limited - M/s. RPPInfrastructures (JV) has been received a letter of acceptance for a new project viz, "Ground Water Based Mini Piped Water Supply Scheme (Maximum 100 Household) from 295 Nos. villages within 08 Nos. Blocks namely Balurghat, Hili, Kumarganj, Tapan, Gangarampur, Kushmandi, Banshihari & Harirampur in the district of Dakshin Dinaipur under Balurghat Division at a contract price of INR 104.55 Crores".

M/s. RPP Infra Projects Limited (51% holding) along with its JV partner (49% holding) will invest in the project as per their capacity of holding and complete the above project within the decided timelines.

Further, it's a huge opportunity in the core competency areas of the Company and it's a further boost to the Infrastructure sector like us. We are keen supporter of the various measure taken by the centre and state government and will work further to contribute towards economy.

Shares of R.P.P. Infra Projects Limited was last trading in BSE at Rs. 42.25 as compared to the previous close of Rs. 41.20. The total number of shares traded during the day was 11980 in over 179 trades.

The stock hit an intraday high of Rs. 42.70 and intraday low of 40.85. The net turnover during the day was Rs. 502944.00.

Source : Equity Bulls

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