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RPP Infra Shares Hit 5% Upper Circuit on Securing Rs 94 Crore Order

In the last six months, the shares of the company have surged more than 64%.

Shares of RPP Infra Projects hit a 5% upper circuit on 19 March after the company announced receiving an order from State Industries Promotion Corporation of Tamilnadu Limited worth Rs 94.13 crore.

In its regulatory filing, the company said, “RPP Infra Projects has received a letter of acceptance for a new project for 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 (Incl of GST),”

Earlier, in December, the company had received an LoA for three new orders, including the construction of integrated stormwater drain works in M1 and M2 components in the expanded areas of Greater Chennai Corporation Package 4, encompassing various streets in zones 12 & 14, with a contract price of Rs 70.50 crore.

In the last six months, the shares of the company have surged more than 64% and more than 180% in the last year, making the stock a multi-bagger.

The company is one of the leading and rapidly growing integrated EPC companies in the country, having a well-diversified presence in highways, bridges, roads, civil construction, irrigation, mass and affordable housing, and power projects.

At 12:55 pm, the shares of RPP Infra Projects were locked 4.98% higher at Rs 110.75 on NSE.

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