RPP Infra Projects zooms 10 per cent after bagging new order

Shares of RPP Infra Projects were trading in the green on Monday after the company announced that it had won an order for the construction of a government medical college and medical hospital at Dindigul, Tamil Nadu. The total consideration for this project is Rs 98.15 crore which is to be completed in 18 months. 

The order book of the company at the end of FY19 stood at Rs 1,944 crore. The company indicated that its order book for FY20 was now well on its way to Rs 2,000 crore.

R.P.P Infra Projects Limited is engaged in engineering and construction activities. The company is engaged in the business of construction and infrastructure development, such as civil construction work for irrigation and water supply projects and power plants, and construction of civil infrastructure for residential and commercial structures for infrastructure projects, roads and bridges. 

At 11:30 am on Monday, the stock was trading at Rs 55.35, up by 10.26 per cent or Rs 5.15 per share. The 52-week high is recorded at Rs 154.70 and the 52-week low is Rs 43.20 on BSE.