RPP Infra Projects share price locked at upper circuit on March 6 following the company received letter of acceptance for a new project of Rs 80.98 crore from Chennai Metropolitan Water Supply & Sewerage Board.
At 09:23am, RPP Infra Projects was quoting at Rs 137.55, up Rs 6.55, or 5.00 percent, on the BSE.
There were pending buy orders of 8,219 shares, with no sellers available.
The project is for improvement of water supply by constructing underground tanks water distribution stations and laying of feeder main in area I & V including replacement of PVC water main, renewal of checked-up water main, strengthening of various sizes of water main in various depots in Area IV & Area V under Vada Chennai Valarchi Thittam Tamilnadu.
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On February 28, the company received letter of acceptance from State Industries Promotion corporation of Tamil Nadu for a project of Rs 108.80 crore.
On January 27, the company received a letter of acceptance for a project worth of Rs 87.56 crore from Greater Chennai Corporation.
The company had reported a 17 percent jump in its consolidated December quarter net profit at Rs 18.87 crore, YoY.
The share touched a 52-week high of Rs 255.00 and a 52-week low of Rs 97.05 on 18 December, 2024 and 14 March, 2024, respectively.
Currently, the stock is trading 48.63 percent below its 52-week high and 34.98 percent above its 52-week low.
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