Rs 3,400 crore order book: Civil construction company bags new order worth Rs 87,56,00,000 from Greater Chennai Corporation
The stock is up 68 per cent from its 52-week low of Rs 97.05 per share.
R.P.P. Infra Projects Ltd. has received a Letter of Acceptance from The Superintending Engineer, Greater Chennai Corporation Storm Water Drain Department, Chennai for the Construction of Integrated Storm Water Drain Works in M1 & M2 Components in Kovalam Basin in Expended Areas in Greater Chennai Corporation Package 16 covering various Streets of Zone 15 under Kfw fund. This domestic order for the construction project has a contract value of Rs 87.56 crore. The project is to be executed within 18 months.
Earlier, the company secured a contract worth Rs. 28.77 crore for the erection, testing, and commissioning of an Air-Cooled Condenser (ACC) and associated auxiliaries at a 3x800 MW power plant in Patratu, Jharkhand. This contract was awarded by Bharat Heavy Electricals Ltd (BHEL). The contract is domestic in nature and has a performance security clause. The project is expected to be completed within 10 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.
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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 680 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 is up 68 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.