Rs 2,994 crore order book: Civil construction company bags new order worth Rs 80,98,00,000 from Chennai Metropolitan Water Supply and Sewerage Board

The stock is up 42 per cent from its 52-week low of Rs 97.05 per share.

R.P.P. Infra Projects Ltd has announced securing new orders totaling Rs 80.98 crore, as disclosed in compliance with SEBI's listing obligations. These projects, awarded by the Chennai Metropolitan Water Supply and Sewerage Board and the Greater Chennai Corporation, involve significant infrastructure development. Specifically, the company will undertake the improvement of water supply in various areas of Tamil Nadu under the Vada Chennai Valarchi Thittam, including the construction of underground tanks, water distribution stations, and laying of feeder mains. Additionally, they will execute the construction of integrated storm water drain works in the Kovalam Basin, funded by KfW. Both projects are domestic and are slated for completion within 12 months.

About the Company

RPP Infra Projects Limited, established in 1995, is a prominent player in the Indian construction sector. The company specializes in an array of infrastructure projects, including roads, bridges, buildings, industrial structures, power generation, irrigation systems, and waste management. With a strong focus on EPC (Engineering, Procurement, and Construction) projects, RPP Infra has a diversified portfolio encompassing highways, roads, bridges, civil construction for water management, irrigation, mass housing, and power projects. The company boasts a successful track record, having executed over 200 civil construction projects across southern states like Karnataka, Tamil Nadu, Telangana, and Andhra Pradesh.

As of December 2024, the company has an order book of Rs 2,994 crore. Regarding finances, RPP Infra Projects has a market cap of Rs 524 crore. The company reported amazing numbers in its Quarterly Results (Q3FY25) and annual results (FY24). The company’s shares have a PE of 10x whereas the industry PE is 20x. The stock is up 42 per cent from its 52-week low of Rs 97.05 per share. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.