On the BSE, over 1.36 lakh shares of the company had changed hands at the counter as compared with an average trading volume of 0.62 lakh shares in the past two weeks.

The value of the aforementioned contract is nearly 56% of the current market capitalization of RPP Infra, which currently stands at Rs 246.68 crore.

Offering details on the said order win, the company said that RPP-HSEA JV, a joint venture of RPP Infra Projects and HS Engineers Associates, has received a letter of acceptance for a new project involving engineering, procurement, construction, testing, commissioning, trail run and operation and maintenance of various components of Augmentation of sources of various LWSS from River Beas of barsar area (Barsar Constituency) in Tehsil Barsar, District Hamirpur, Himachal Pradesh.

The contract, awarded on “turn-key job basis”, also involves trial run, defect and liability period and running and maintenance of the entire scheme for 5 years.

The project completion period is 24 months and operation and maintenance period is 60 months. The contract price for the said project is Rs 138.24 crore.

The aforementioned contract has been awarded by Jal Sakthi Vibhag, Mandi, Himachal Pradesh.

”M/s RPP Infra Projects Limited (51% holding) along with its JV Partner (49% holding) will invest in the project as per their capacity of holding and complete the above project within the decided timeline,” RPP Infra said in a statement.

RPP Infra Projects is engaged in infrastructure development such as roads, buildings, industrial structures, power and irrigation.

The company reported a consolidated net profit of Rs 16.01 crore in the quarter ended March 2023 as against net loss of Rs 9.41 crore during the previous quarter ended March 2022. Sales rose 9.84% to Rs 305.65 crore in Q4 FY23 over Q4 FY22.