Let’s dive into some fresh corporate news! R.P.P. Infra Projects Limited (RPPINFRA) has just announced a significant new order that’s set to boost its project pipeline.
The company has secured a contract worth a cool โน2.44 Crores (that’s including GST!) from the Thoothukudi City Municipal Corporation. This isn’t just any project; it’s for the construction of a crucial storm water drain at the Millerpuram Housing Board in the west zone of Thoothukudi City. Think of it as a vital piece of urban infrastructure that helps manage water flow, especially during heavy rains. ๐ง๏ธ
This project is slated for completion within a brisk 6 months, showing RPP Infra’s commitment to timely execution and contributing to essential urban development.
For investors, this new order is a positive signal, strengthening the company’s order book and showcasing its continued involvement in foundational infrastructure development across the region. While the stock last traded at โน129.8, down slightly by 0.3%, this new contract certainly adds a fresh layer of activity to their portfolio.
It’s always good to see companies like RPP Infra contributing to the foundational development of our cities. Keep an eye on their progress! ๐
source: Corporate Announcement