RPP Infra Shares Rise on Rs 217.61 Crore Maharashtra Order
ECONOMY & POLICY

RPP Infra Shares Rise on Rs 217.61 Crore Maharashtra Order

RPP Infra Projects shares hit a 5% upper circuit on the BSE after reaching an intraday high of Rs 195.85 per share. However, by 1:07 PM, the stock pared some gains and traded up 4.53% at Rs 195 per share, while the BSE Sensex was down 0.37% at 81,672.34.

The stock rally was driven by news that RPP Infra secured an order worth Rs 2.18 billion for road improvement works between Kothore and Wakadi in Jalgaon, Maharashtra. The order was awarded by the Chief Engineer, Konkan & Project Director, Mumbai, with a two-year timeline for completion.

As of October 15, 2024, this new order boosts the company’s total order book to Rs 35.23 billion.

Prior to this, RPP Infra had secured a Rs 555 millioncontract for 24x7 water supply in Avadi City, Tamil Nadu, and a Rs 3.11 billion EPC contract for building a new district jail in Hapur, Uttar Pradesh. The company is involved in key infrastructure projects across India, focusing on roads, bridges, and urban infrastructure.

In the past year, RPP Infra shares have surged by 137.4%, significantly outperforming the BSE Sensex's 23% rise during the same period.

RPP Infra Projects shares hit a 5% upper circuit on the BSE after reaching an intraday high of Rs 195.85 per share. However, by 1:07 PM, the stock pared some gains and traded up 4.53% at Rs 195 per share, while the BSE Sensex was down 0.37% at 81,672.34. The stock rally was driven by news that RPP Infra secured an order worth Rs 2.18 billion for road improvement works between Kothore and Wakadi in Jalgaon, Maharashtra. The order was awarded by the Chief Engineer, Konkan & Project Director, Mumbai, with a two-year timeline for completion. As of October 15, 2024, this new order boosts the company’s total order book to Rs 35.23 billion. Prior to this, RPP Infra had secured a Rs 555 millioncontract for 24x7 water supply in Avadi City, Tamil Nadu, and a Rs 3.11 billion EPC contract for building a new district jail in Hapur, Uttar Pradesh. The company is involved in key infrastructure projects across India, focusing on roads, bridges, and urban infrastructure. In the past year, RPP Infra shares have surged by 137.4%, significantly outperforming the BSE Sensex's 23% rise during the same period.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code