RPP Infra Projects shares climbed nearly 8 percent on Wednesday after the company said it had secured a fresh order in Tamil Nadu.
On the NSE, the stock rose 7.74 percent to an intraday high of Rs 115.61. The scrip opened higher by 2.33 percent and was trading at Rs 109.46 around 12:30 pm, up 2.01 percent from the previous close.
The gain followed the company’s announcement that it had received a Rs 26-crore contract from the Office of the Superintending Engineer (Highways), Construction and Maintenance, Tiruvannamalai Circle, Tamil Nadu. The project involves widening the Hogenakkal–Pennagaram–Dharmapuri–Thirupathur Road (SH-60) from two lanes to four lanes and is to be completed in 12 months.
In September, the company had secured an order worth Rs 134.21 crore from the Maharashtra State Infrastructure Development Corporation for road improvement works in Raigad district.
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