RPP Infra spurts on bagging new orders

RPP Infra Projects rose 9.88% to Rs 45.05 after receiving new orders totaling Rs 183.59 crore for the construction of integrated storm water drain works in M1 and M2 components in Chennai’s Kovalam basin. The first order was for Rs 59.92 crore for construction work in the Kovalam basin in expanded areas under Greater Chennai Corporation Package 8, which covered various streets in Zone 14.

Following that, the company received the same set of contracts in Kovalam Basin in expanded areas in Greater Chennai Corporation Package 4 and Pakage 5 covering various streets in zones 12 and 14, for Rs 53.17 crore and Rs 70.50 crore, respectively. According to the company, all of the aforementioned contracts are expected to be completed within 24 months of the appointed date. RPP Infra Projects is involved in the development of infrastructure such as roads, buildings, industrial structures, power, and irrigation.

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