RPP Infra Projects secures order worth Rs. 414 crore

RPP Infra Projects, on Tuesday, informed the bourses that the company along with its JV partner, has secured a new order worth Rs. 414 crore for the construction of a two-Iane road from Kaletwa to the India-Myanmar border in the Chin state of Myanmar. The company said that this new project marks the diversification of company into the new geographical international location of Myanmar.

The company’s order book at the end of fiscal year 2018-19 stood at Rs. 1944 crore which translates into book-to-bill of 3.34x giving strong revenue visibility for next 2-3 years. The company further added that it is on good track to meet its order inflow target of Rs. 1200 crore in FY20E.

In Q1FY20, the company reported net sales of Rs. 124.82, up by 24.4 per cent yoy, while, its profit after tax plummeted nearly 76.7 per cent yoy to Rs. 1.50 crore.

RPP Infra Projects is one of the India's leading and fast growing Non Metro/Rural based company located at Tamil Nadu and engaged in the business of infrastructure development such as highways, roads, bridges, civil construction works, irrigation and water supply projects and power plant.

In Tuesday trading session, the stock of RPP Infra Projects settled at Rs. 108.80 apiece, up by around 4.44 per cent.