RPP Infra Projects share price shed more than 2 in the early trade on January 27 despite the company received letter of acceptance for a new projects from Greater Chennai Corporation.
At 09:22am, RPP Infra Projects was quoting at Rs 168.00, down Rs 3.70, or 2.15 percent, on the BSE.
The project is for construction of integrated storm water drain works in M1 & M2 components in Kovalam basin in expended areas covering various streets of Zone 15 under Kfw fund for contract value of Rs 87.56 crore, to be completed in 18 months.
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On January 22, company received letter of acceptance for a new projects — erection, testing & commissioning of Air Cooled Condenser (ACC) and associated auxiliaries of Unit 2 at 3x800 MW PVUNL STPP Patratu Jharkhandfor contract value of Rs 28.77 crore from Sr. Manager, BHEL — CPC, Noida.
The share touched a 52-week high of Rs 255 and a 52-week low of Rs 97.05 on 18 December, 2024 and 14 March, 2024, respectively.
Currently, the stock is trading 34.12 percent below its 52-week high and 73.11 percent above its 52-week low.
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