RPP Infra Projects Secures Order from Bhabha Atomic Research Centre

26 Nov 2024 CW Team

Shares of RPP Infra Projects surged by up to 2.88%, reaching an intraday high of Rs 169.45. This increase followed the announcement that the construction company had secured an order valued at Rs 21.83 billion from the Bhabha Atomic Research Centre (BARC) for its Nuclear Recycle Board.

In an official exchange filing, RPP Infra Projects confirmed that it had received a letter of acceptance (LOA) for a project at the FRFCF site in Kalpakkam, Tamil Nadu. The contract includes the construction of service supporting structures, RCC culverts, sewer lines, and other associated works between Buildings 503, 401, 306, and 307 at the project site.

The project, with a timeline of 18 months for completion, adds to the company's growing portfolio of infrastructure work. RPP Infra Projects has made significant strides in sectors like roads, urban infrastructure, and irrigation, with major involvement in national schemes such as Bharat Mala, Smart Cities, and the Pradhan Mantri Gram Sadak Yojana.

The company, which operates extensively in South India across Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana, has a market capitalisation of Rs 638.80 billion. The company's 52-week stock high is Rs 235.45, while its low is Rs 89.13. At 12:25 PM on the day of the announcement, RPP Infra Projects' shares were trading at Rs 167.50, 1.70% higher than the previous day, with the BSE Sensex rising 1.14% to 78,038.38.

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