RPP Infra Projects announced its entry into a new geographic location, Gujarat via its new order wins worth Rs 722 million in joint venture with the company having a 40% share.
The company has secured an order worth Rs 405 million in JV, from the Gujarat Water Supply & Sewage Board for package 6 of the Samarsingi Cluster. The project is expected to be completed within 24 months.
Additionally, RPP Infra has received a Letter of Intent for an order worth Rs 317 million in JV, from the Gujarat Water Supply & Sewage Board for package 7 of the Tanachhiya Cluster. The project is expected to be completed within 24 months.
RPP Infra's order book at the end of H1FY19 stood at Rs 15.00 billion & the company has won new orders worth over Rs 3.80 billion over the last 1 month.
Shares of the company gained Rs 9.2, or 9.96%, to trade at Rs 101.55. The total volume of shares traded was 1,411 at the BSE (11.54 a.m., Wednesday).