Rs 3,200 crore order book: This multibagger civil construction company bags new orders worth Rs 412,81,85,732.06 from Raipur Railway Station

The stock gave multibagger returns of 210 per cent in just 1 year whereas BSE Sensex Index is up by 23 per cent.

A joint venture between RPP Infra Projects Ltd (60 per cent) and V. Sathyamoorthy & Co (40 per cent) has been awarded a major upgrade project for Raipur Railway Station on an Engineering, Procurement and Construction (EPC) model. The total contract value is Rs 412.81 crore (including GST), which translates to Rs 412,81,85,732.06. The project will be executed within a period of three years.

The JV has deposited Rs 2 crore as initial security money and will need to submit a performance guarantee of Rs 20,64,09,286.6 within 30 days of receiving the letter of acceptance. The entire work needs to be completed within 1095 days from the appointed date.

Today, shares of RPP Projects hit a 5 per cent upper circuit to Rs 128 per share from its previous closing of Rs 121.95 with a spurt in volume by more than 2.31 times on BSE.

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In 1995, RPP Infra Projects Limited was formed. It is involved in the construction of many infrastructure sectors such as roads, buildings, industrial structures, power, irrigation, and waste management. As of June 30, 2023, the company has an order book of over Rs 3,200 crore.

In terms of finances, RPP Infra Projects has a market cap of Rs 485 crore. The company reported amazing numbers in its Quarterly Results and annual results. The company’s shares have a PE of 8.15x whereas the industry PE is 21x.

The stock gave multibagger returns of 210 per cent in just 1 year whereas BSE Sensex Index is up by 23 per cent. Investors should keep an eye on this micro-cap stock.

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