Rs 3,400 crore order book: Civil construction company has in principle reached an agreement with Wills Realtors Pvt Ltd for a project in Sri Lanka
The stock gave multibagger returns of 123 per cent from its 52-week low of Rs 91.60 per share.
On Wednesday, shares of RPP Infra Projects plunged 0.61 per cent to Rs 203.90 per share from its previous closing of Rs 205.15 per share. The stock’s 52-week high is Rs 235.45 per share while its 52-week low is Rs 91.40 per share.
R.P.P. Infra Projects Ltd has made a significant stride in its international expansion by reaching a preliminary agreement with Wills Realtors Pvt Ltd to develop the prestigious "96 Legends" Project in Sri Lanka. As part of this strategic move, the Company or its subsidiary will assume the role of the project developer, contributing a portion of the required capital expenditure. This collaboration marks a promising step towards the Company's global growth and underscores its commitment to delivering world-class real estate solutions.
Earlier, RPP Infra Projects Ltd secured two significant contracts. The first, valued at Rs 21.83 crore, is with the Bhabha Atomic Research Centre, Nuclear Recycle Board, to construct service-supporting structures and infrastructure at the FRFCF project site in Kalpakkam, Tamil Nadu. The second contract, worth Rs 38.32 crore, is with the State Industries Promotion Corporation of Tamil Nadu Limited, for the construction of internal infrastructure at the Mega Leather Park Panapakkam in Ranipet District, Tamil Nadu. Both projects are domestic and are expected to be completed within 18 and 11 months, respectively.
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About the Company
In 1995, RPP Infra Projects Limited was formed. It is involved in constructing many infrastructure sectors such as roads, buildings, industrial structures, power, irrigation, and waste management. As of September 2024, the company has an order book of Rs 3,400 crore.
Regarding finances, RPP Infra Projects has a market cap of Rs 776 crore. The company reported amazing numbers in its Quarterly Results (Q2FY25) and annual results (FY24). The company’s shares have a PE of 13x whereas the industry PE is 25x.The stock gave multibagger returns of 123 per cent from its 52-week low of Rs 91.60 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.