RPP Infra Projects Hikes 6% On Bagging a Huge Order Worth INR 1,558 Million

The share price of RPP Infra Projects increased around 6.4% on the Intraday Thursday after the firm reported good numbers for the quarter ended Sept 2018. The net profit of company’s second Quarter 2019 is hiked by around 389% at INR 9.2 Cr. against INR 6.6 Cr. in the same quarter previous year. The revenue was increased 29% at INR 139.3 Cr. against INR 107.9 Cr. previous year.

The company won a huge order worth INR 1,558 Million from Tamilnadu Water Supply and Drainage Board, Coimbatore. This order comprises providing CWSS to Perundurai & 7 town panchayats. This project would be completed in 18 months and other 6 months for trail run including maintenance of scheme for the next five years.

At 04:00 PM, November 15, 2018, the share price was quoting INR 125.50 up INR 5.60 or 4.67%.

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