RPP Infra Projects share price moved to a 52-week high of Rs 66.07, soaring 15% in the early morning trade after the company proclaimed bagging a Rs 289.30-crore order in Tamil Nadu.

RPP Infra Projects has acknowledged a letter of acceptance for a new project for modification of a “black spot” by building an additional three-lane flyover at Uthamasolapuram, with a vehicular underpass at a different location on the Salem-Kumarapalaym section of NH-544 in Tamil Nadu on EPC mode.

The contract is worth Rs 106.65 crore (Including GST) and will be implemented in 12 months.
The other agreement is ECO-Restoration/Rejuvenation and Beautification of Vandiyur Tank in Madurai City Municipal Corporation, at an agreed price of Rs 41.15 crore (Including GST). The work order is to be accomplished in 18 months.

The company also bagged contracts from several town panchayats for the development to water supply systems and providing house service construction at Odugathur, Pallikonda, Othakkalmandapam, Kannampalayam, Nilakkottai for a cost of Rs 122.37 crore (including GST).

On June 30, the business’s order book stood at Rs 3,240 crore.
At 9:30 am, RPP Infra Projects was trading at Rs 65, up Rs 7.74, or 13.52% on the BSE.