Hot Pursuit     28-Dec-16
RPP Infra Projects surges after winning orders
RPP Infra Projects rose 19.22% to Rs 234.50 at 13:53 IST on BSE after the company said it bagged two orders from Kamarajar Port and Chennai Corporation for worth Rs 24.20 crore and Rs 30 crore, respectively.
The announcement was made during trading hours today, 28 December 2016.

Meanwhile, the BSE Sensex was up 195.89 points, or 0.75%, to 26,409.33.

On the BSE, so far 6.20 lakh shares were traded in the counter, compared with average daily volumes of 46,048 shares in the past one quarter. The stock had hit a high of Rs 236 and a low of Rs 203 so far during the day.

The stock hit a record high of Rs 236 on 28 December 2016. The stock hit a 52-week low of Rs 102.10 on 20 January 2016. The stock had outperformed the market over the past 30 days till 27 December 2016, rising 7.08% compared with the 0.52% fall in the Sensex. The scrip had also outperformed the market in past one quarter, falling 4.24% as against Sensex's 7.35% decline.

The small-cap company has equity capital of Rs 22.60 crore. Face value per share is Rs 10.

RPP Infra Projects has received an order worth Rs 24.20 crore from Kamarajar Port for construction of container pre-stacking yard and other ancillary facilities. Further, the company received an order worth Rs 30 crore from Annai Infra Developers, Erode for Chennai Corporation to construct the integrated storm water drains in Virugambakkam and Arumbakkam water shed of Cooum Basin in expanded area of Chennai Corporation.

On a consolidated basis, net profit of RPP Infra Projects rose 5.74% to Rs 6.45 crore on 6.72% decline in net sales to Rs 85.74 crore in Q2 September 2016 over Q2 September 2015.

RPP Infra Projects is engaged in the business of infrastructure development such as highways, roads, bridges, civil construction works, irrigation and water supply projects and power plant.

Previous News
  RPP Infra hits 52-week high on bagging orders worth Rs 289 crore
 ( Hot Pursuit - 06-Jul-23   10:11 )
  RPP Infra Projects to conduct AGM
 ( Corporate News - 19-Sep-24   10:10 )
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 ( Corporate News - 03-Sep-21   11:30 )
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  RPP Infra Projects receives work order worth Rs 80.85 cr
 ( Corporate News - 17-Nov-23   09:47 )
  RPP Infra Projects to discuss results
 ( Corporate News - 07-Nov-22   17:16 )
  RPP Infra Projects consolidated net profit rises 692.73% in the March 2020 quarter
 ( Results - Announcements 01-Jul-20   16:35 )
  RPP Infra Projects to conduct EGM
 ( Corporate News - 20-Aug-21   11:08 )
  RPP Infra Projects cancels board meeting
 ( Corporate News - 05-Aug-21   19:39 )
  RPP Infra Projects standalone net profit declines 38.46% in the September 2019 quarter
 ( Results - Announcements 19-Nov-19   14:51 )
  RPP Infra Projects to conduct board meeting
 ( Corporate News - 22-Jul-20   12:42 )
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