RPP Infra has received Rs 38.18 crore worth of order for providing combined water supply scheme, Rs 15.51 crore order for implementation of phase II eco restoration in 300 acre of Adayar Estuary and Creek in Chennai and Rs 10 crore contract for construction of hostel block for Anna University in Thoothukudi.
Investors are lapping up shares of RPP Infra Projects on Monday as the company has bagged new orders worth Rs 63.7 crore in water distribution, eco restoration and building sectors in Tamil Nadu. The stock gained nearly 10 percent.
"Inspite of infrastructure companies are being faced with turbulent times, we believe this year is looking very good with winning many orders and few more in pipe line, we are very positive that the topline of the company will touch new heights," Arul Sundaram, CMD said.
RPP Infra has received Rs 38.18 crore worth of order for providing combined water supply scheme, Rs 15.51 crore order for implementation of phase II eco restoration in 300 acre of Adayar Estuary and Creek in Chennai and Rs 10 crore contract for construction of hostel block for Anna University in Thoothukudi.
With the winning of this project, its order book position has jumped to Rs 700 crore.
At 13:37 hours IST, the stock rose 9.57 percent to Rs 64.10 on the Bombay Stock Exchange.
Posted by Sunil Shankar Matkar
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RPP Infra soars 10% on Rs 63.7 cr orders in Tamil Nadu
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