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RPP Infra Project climbs on bagging LoA worth Rs 38.32 crore
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R.P.P. Infra Projects is currently trading at Rs. 177.05, up by 5.70 points or 3.33% from its previous closing of Rs. 171.35 on the BSE.
The scrip opened at Rs. 178.00 and has touched a high and low of Rs. 186.00 and Rs. 171.10 respectively. So far 18295 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 235.45 on 27-Aug-2024 and a 52 week low of Rs. 89.13 on 29-Nov-2023.
Last one week high and low of the scrip stood at Rs. 186.00 and Rs. 160.05 respectively. The current market cap of the company is Rs. 872.89 crore.
The promoters holding in the company stood at 50.88%, while Institutions and Non-Institutions held 0.48% and 48.63% respectively.
RPP Infra Projects has received letter of acceptance (LoA) from State Industries Promotion Corporation of Tamilndu, Superintending Engineer, for a new project - Sipcot- Formation of Balance Internal Roads including Construction of Rcc Side Drain & Culverts and Providing Street Lights at Mega Leather Park Panapakkam in Ranipet District, Tamilnadu for contract value of Rs 38.32 crore (inclusive GST). The order is to be executed within 11 months.
RPP Infra Projects is Construction Company primarily engaged in the business of infrastructure development such as Highways, Roads and Bridges, Roads and Bridges.
