RPP Infra surges after securing ₹28 crore order in Tamil Nadu

RPP Infra Projects Ltd shares have hit a 5% upper circuit at ₹204.6 per share following their announcement of a new ₹28.25 crore order from the State Industries Promotion Corporation of Tamil Nadu (SIPCOT). The company's consistent growth in securing significant contracts makes it a promising option for those involved in share market investment.

What is the new order?

RPP Infra received a letter of acceptance for a crucial infrastructure project in Tamil Nadu. This order involves the design and building of a 7MLD product water conveyance system from the Kelavarapalli Hosur plant to SIPCOT Industrial Park, Shoolagiri, Krishnagiri District. The project, scheduled for completion in 18 months, includes internal water supply arrangements and the construction of two pump rooms. The total contract value stands at ₹28.25 crore, with operations and maintenance for one year.

This new addition to RPP Infra's portfolio pushes its order book to ₹3,558.84 crore, solidifying the company's growth in the sector.

Stock market response

On Friday, RPP Infra's shares surged by 5%, touching ₹204.6 on the BSE. At around 1:20 PM, the stock was trading 3.34% higher at ₹201.4, reflecting investor confidence. In contrast, the broader BSE Sensex increased by 0.33% during the same time. The market capitalisation of RPP Infra stood at ₹766.94 crore.

This upward movement is essential for those keeping track of share market investment opportunities. A 5% upper circuit is often an indicator of strong buying interest, signalling the stock’s momentum and potential for further gains.

Previous orders and overall performance

RPP Infra has a history of securing large government contracts. Before this Tamil Nadu project, the company won a significant ₹217.61 crore order for road improvement works in Maharashtra. Another recent project was worth ₹55.5 crore, aimed at enhancing the water supply in Avadi City, Tamil Nadu.

With such orders, RPP Infra continues to strengthen its foothold in the infrastructure sector, offering opportunities for those involved in share market investment to tap into a growing portfolio of government-backed projects.

RPP Infra’s market position

The stock's 52-week high is ₹235.45, and its 52-week low is ₹73.1, showing a wide trading range. As the company consistently lands high-value contracts, it continues to be a significant player in the Indian infrastructure sector. For share market investment, stocks like RPP Infra represent long-term potential, especially in industries tied to government initiatives and public-private partnerships.

Invest safely

RPP Infra’s recent ₹28 crore order further strengthens its market position, triggering a 5% upper circuit. With multiple large contracts under its belt, the company is becoming a favourite among those engaged in share market investment, particularly in the infrastructure sector. Investors may find opportunities for growth by keeping an eye on RPP Infra’s future projects and market movements.