RPP Infra Projects share: Civil construction related company- RPP Infra Projects Limited has got 2 big contracts in Maharashtra. The total value of this contract is ₹318.63 crore. Amidst the news of the order, investors fell on the shares of RPP Infra Projects. On Tuesday, the second day of the week, the stock rose 5% to Rs 177.55. The share price in August 2024 was Rs 235.45. This is the 52-week high of the stock. The stock hit a low of Rs 73.10 in October 2023, which is a 52-week low for the stock.
Order details
RPP Infra Projects Limited has received orders for 2 projects. These projects include construction of concrete footpath road and reconstruction and widening of bridges and culverts on Alibaug Bypass Road with a contract value of ₹201.94 crore. Additionally, RPP Infra will handle the improvement of Pachorowadi-Shewale-Satgaon Road (SH-40) in Pachora area of Nashik at a cost of ₹116.69 crore. Let us inform you that as of October 8, 2024, the active order book of RPP Infra has reached ₹3,240.63 crore.
Order was received in UP
In June this year, RPP Infra Projects received a letter of acceptance (LOA) for the project related to the construction of a new district jail in Hathras, Uttar Pradesh. Under this, the Office of the Superintending Engineer, PMGSY Circle, Agra has awarded a new project to RPP Infra Projects for design, engineering and procurement of construction of a new District Jail with a capacity of 1,026 prisoners. The prescribed period to complete the order is 18 months.
What is the shareholding pattern?
Talking about the shareholding pattern of RPP Infra Projects Limited, the promoters hold 50.88 percent stake. At the same time, public shareholders hold 49.12 percent stake. These promoters include A Nitya, who holds more than 20 percent stake.
