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Infra stock jumps 3% after receiving order ₹109 Cr from Tamil Nadu Govt

Infra stock secured a ₹108.80 crore SIPCOT contract for infrastructure development in Tamil Nadu, including a customs office, medical facility, warehouses, & water systems, enhancing its expertise and market presence.
Infra stock won ₹108.80 crore SIPCOT contract, boosting expertise and market presence.
Infra stock won ₹108.80 crore SIPCOT contract, boosting expertise and market presence.

Introduction:

Infra stock has secured a ₹108.80 crore contract from SIPCOT for infrastructure development in Tamil Nadu. The project includes constructing a customs office, medical facility, warehouses, and water supply systems, strengthening its expertise in large-scale infrastructure execution and expansion.

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Share Price movement of R.P.P Infra Projects :

On March 3, 2025, R.P.P Infra Projects Ltd opened at ₹117.35, reaching a high of ₹123.20, up 3% from its previous close of ₹117.35, and a low of ₹117.35. Currently, it is trading at ₹118.20, with a market cap of ₹450.11 crore.

R.P.P Infra Projects share price rise:

R.P.P Infra Projects Ltd. has secured a new contract worth ₹108.80 crore from the State Industries Promotion Corporation of Tamil Nadu (SIPCOT). The project involves constructing a customs office, medical facility, warehouses, and water supply systems at SIPCOT Mega Leather Park in Ranipet.  

The contract, awarded by a domestic entity, will be executed within 15 months. It includes building essential infrastructure such as plug-and-play units and a compound wall for the SEZ boundary. The project aligns with R.P.P Infra’s expertise in large-scale infrastructure development.  

This contract does not involve any related party transactions or promoter group interests. The company received official confirmation via email on February 28, 2025. R.P.P Infra remains committed to executing the project efficiently while ensuring timely updates on further developments.

Also Read: Dolly Khanna stocks trading at discount of more than 30% to look out for

Recent news About R.P.P Infra Projects :

R.P.P Infra Projects Ltd. has recently secured a contract valued at ₹28.77 crore for the erection, testing, and commissioning of an Air Cooled Condenser (ACC) and associated auxiliaries for Unit 2 at the 3×800 MW PVUNL Super Thermal Power Project in Patratu, Jharkhand.

Stock performance of R.P.P Infra Projects  for Period of 1 week, 6 months and 1 year:

R.P.P Infra Projects’ stock declined by 10.8% over the past week, reflecting short-term weakness. Over six months, it dropped significantly by 48.2%, indicating strong bearish pressure. The one-year return stands at a modest 2.02%, showing limited long-term growth despite recent volatility.

Also Read: Infra stocks with high dividend yield to look out for

Shareholding pattern of R.P.P Infra Projects :

All values in %Dec-24Sep-24Jun-24
Promoters50.8850.8850.88
FII0.80.480.49
Retail & others48.3148.6448.62
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About R.P.P Infra Projects:

R.P.P Infra Projects Ltd. is a leading infrastructure development company specializing in civil construction, roads, irrigation, and industrial projects. With expertise in large-scale projects, it caters to government and private sector clients, ensuring high-quality execution and sustainable infrastructure solutions across India.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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