RPP Infra Projects Limited shares soared 8% at Rs 68 apiece, with 5 lakh shares changing hands on NSE. The company’s joint venture (JV) with Hs Engineers Associates has acknowledged a letter of acceptance for a new project in Himachal Pradesh worth Rs 138 crore.

RPP Infra, with 51% holding along with its JV partner (49% holding), will invest in the project according to the holding capacity and complete it within the definite timeline.

Earlier, the construction business received a letter of acceptance for a new project for the modification of a “black spot” by building a three-lane additional flyover at Uthamasolapuram, with a vehicular subway on the Salem-Kumarapalaym section of NH-544 in Tamil Nadu on EPC mode. The contract cost is Rs 106.65 crore, executed in 12 months.

The second contract comprised the enhancement of Vandiyur Tank in Madurai City Municipal Corporation at Rs 41.15 crore (Including GST). The company received contracts from panchayats to develop water supply systems and provide house service connections. The project is worth Rs 122 crore, including GST.

As of June 30, the order book stood at Rs 3,240 crore, and revenue in the March quarter jumped 7.2% to Rs 298 crore versus Rs 278 crore in the same quarter last year.