RPP Infra hits new high

RPP Infra Projects is seeing a lot of action on the counter today, with volumes jumping up more than 8-times. The stock opened 14% higher at Rs.64.69 and went on to hit a new 52-week high at Rs.66.07.

The stock price reacted positively to its new order receipt of yesterday evening. The company has received an order from NHAI for constructing a 3-lane additional flyover, restoration/beautification work in Madurai and watrer and housing project, all in Tamil Nadu on EPC  mode.

All the three are at a total contract price of Rs.289 crore.

The company said that its total order book as at 30^th June 2023 stands at Rs.3240 crore.

This is at a contract price of Rs.126 crore