RPP Infra Projects has received an order from KSDB (Karnataka Slum Development Board) for construction of 795 Ground Floor Dwelling units including Infrastructure at 1 selected slums of Krishnaraja Area in Mysore City under PMAY-HFA Scheme for worth Rs 456 million. The said work is to be completed within 24 months.
Arulsundaram, chairman & managing director of RPP Infra Projects said, "The Indian government was introduced PMAY-HFA 9 Pradhan Mantri Awas Yojana -Housing for All. The scheme encourages rapid infrastructure development in the country to accommodate and accelerate private investments in the infrastructure sector. RPP Infra Project is well poised to gain maximum projects across the Country."
Shares of the company declined Rs 0.85, or 0.32%, to trade at Rs 264.15. The total volume of shares traded was 11,988 at the BSE (12.37 p.m., Tuesday).