RPP Infraprojects has been awarded a contract from Tamil Nadu Sustainable Urban Development Project (TNSUDP), Integrated Storm Water Drain (ISWD) funded by World Bank. The contract is for construction of Integrated Storm Water Drain in Coovum Watershed of Coovum Basin in expanded area of Chennai Corporation (Package 5) for Rs 456 million. The said work is to be completed in 24 months.
Arul Sundaram, CMD, RPP Infraprojects said, ''India envisage a big growth for infrastructure in coming days and company is poised to garner a sizable growth from this by winning orders currently and few more orders going ahead. We are happy that the revenues and profit of our company will touch new heights in coming years.''
Shares of the company gained Rs 4.15, or 3.74%, to trade at Rs 1150. The total volume of shares traded was 81,761 at the BSE (12.04 p.m., Monday).