RPP Infra Projects Ltd to complete acquisition of 120 acres near proposed new Chennai Airport by end of April 2025

R.P.P Infra Projects Ltd has approved the proposal to acquire approximately 120 acres of land near the proposed new Chennai Airport at an estimated cost of Rs. 75 crores.

As part of this acquisition process, stage-wise land registration is currently underway and is expected to be fully completed by the end of April 2025.

The acquired land is strategically located in close proximity to several prominent international industrial establishments, including leading names such as Samsung, Hyundai, and other major players across various sectors.

R.P.P Infra Projects Ltd is actively evaluating a range of development options for this prime asset, including but not limited to Logistics Parks, Warehousing, and Data Centres, with the objective of optimizing its value in alignment with the company's strategic interests.

Shares of R.P.P. Infra Projects Limited was last trading in BSE at Rs. 147.00 as compared to the previous close of Rs. 144.70. The total number of shares traded during the day was 22033 in over 188 trades.

The stock hit an intraday high of Rs. 151.90 and intraday low of 145.00. The net turnover during the day was Rs. 3269267.00.

Source : Equity Bulls

Keywords

RPPInfraProjects INE324L01013 LandAcquisition NewChennaiAirport April2025 120Acres INR75Crores