Expect 12-15% margins from new irrigation proj: RPP Infra

RPP Infra Projects Ltd bags order from Karnataka Neeravari Nigam Ltd (A Government of Karnataka Enterprise) worth Rs. 112 crore.A Nithya, Whole Time Director, RPP Infra Projects said the total order book post this would be around Rs 600 crore. The new order is for irrigation project and is one of the biggest order in that segment for the company. According to her margins of 12-15 percent are expected from the new project because margins from irrigation projects are higher. The project has to be completed in stipulated time and so the speed of execution is high, she said.The company hopes to receive more orders to the tune of Rs 25-30 crore from Neyveli Lignite (NLC) in February.For the entire interview, watch video