RPP Infra Bags ₹1.43 Cr Elevator Order from NLC India 🏗️
Hey there, finance enthusiasts! 👋 Let’s dive into some fresh news from the infrastructure sector. R.P.P. Infra Projects Limited (RPPINFRA) has just announced a significant new order win that’s sure to add some lift to their project portfolio!
The company has received a Letter of Acceptance (LOA) for a new work order valued at ₹1.43 Crores (that’s Rupees One Crore Forty Three Lakhs, including GST). This isn’t just any order; it’s from a major player: NLC India Limited, a prominent Navratna Government of India Enterprise.
What’s the Project All About?
RPP Infra Projects will be responsible for the supply, erection, testing, commissioning, and certification of one Kone make stretcher-cum-passenger elevator. This comprehensive project is for a service building located at the NNTPS (Neyveli New Thermal Power Station Campus) in Neyveli. The scope of work is quite broad, covering not just the elevator itself but also the associated civil, aesthetic, and electrical work. Talk about a full-service package! 🛠️
This project is expected to be completed within 18 months from the date of the Letter of Award, which was received on July 30th, 2025.
Why This Matters
Securing contracts from public sector undertakings like NLC India Limited is a strong indicator of a company’s capabilities and reliability. It adds a robust project to RPP Infra’s order book, contributing to its revenue visibility and operational pipeline. For an infrastructure company, a steady flow of new orders is key to sustained growth.
Before this exciting news hit the wires, RPP Infra Projects (RPPINFRA) shares were last traded at ₹128, marking a 3.0% dip from their previous close. This new order could be a positive catalyst for investor sentiment moving forward.
Stay tuned for more updates as RPP Infra Projects continues to build its presence in the infrastructure landscape! What are your thoughts on this new win? Let us know in the comments below! 👇
source: Corporate Announcement
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