RPP Infra Projects locked in upper circuit after bagging Rs 482-crore orders

There were pending buy orders of 66,043 shares, with no sellers available.

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RPP Infra Projects share price was locked in a 5 percent upper circuit of Rs 71.36 to touch its 52-week high in the early trade on September 26 after the company announced receiving orders worth Rs 482.37 crore.

There were pending buy orders for 66,043 shares, with no sellers available.

The company got an order from Chennai Petroleum Corporation Limited for road and drain works-1 of CPCL at Nagapattinam in Tamil Nadu at a contract price of Rs 300.44 crore. The order has to be executed in 12 months.

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The company also received provision of civil works and allied services for an engine test facility along with ancillary work for GRTE at Rajankute, in Karnataka from Defence Research & Development Organization. The contract is worth Rs 90.18 crores and has to be completed in 23 months.

The other contract, worth Rs 16.88 crore, is for the construction of storm water drain from Pon Subbiah Nagar to Loorthammalpuram Main Road in Tuticorin.

Sun Construction-RPP (JV) has received a letter of acceptance for a new project – Twad- Improvement CWSS to Pudukkottai municipality and three town panchayats and 15 wayside habitations in Pudukkottai district, Tamil Nadu for the Value of Rs 74.87 crore