RPP Infra Projects touches roof on receiving letter of acceptance worth Rs 94.13 crore
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R.P.P. Infra Projects is currently trading at its upper limit of Rs 109.30, up by 5.20 points or 5.00% from its previous closing of Rs. 104.10 on the BSE.
The scrip opened at Rs. 109.30 and has touched a high and low of Rs. 109.30 and Rs. 109.30 respectively. So far 345 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 161.45 on 07-Feb-2024 and a 52 week low of Rs. 38.38 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 109.30 and Rs. 97.05 respectively. The current market cap of the company is Rs. 417.31 crore.
The promoters holding in the company stood at 50.88%, while Institutions and Non-Institutions held 0.84% and 48.28% respectively.
RPP Infra Projects has been received a Letter of Acceptance (LoA) for a new projects viz, State Industries Promotion Corporation of Tamilnadu (SIPCOT) - Formation of Northern, Western and Eastern Side Internal Roads (10.20 M & 30 M wide), Construction of RCC Drain, RCC Culvert, Minor Bridges, Providing Pipe cause way and Street Light arrangements in SIPCOT Industrial Park, Shoolagiri, Hosur Phase-IV at a contract price of Rs 94.13 crore (Inclusive of GST). The projects are 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.
