Rs 3,400 crore order book: Civil construction company bags new order worth Rs 87,56,00,000 from Greater Chennai Corporation

The stock is up 68 per cent from its 52-week low of Rs 97.05 per share.

R.P.P. Infra Projects Ltd. has received a Letter of Acceptance from The Superintending Engineer, Greater Chennai Corporation Storm Water Drain Department, Chennai for the Construction of Integrated Storm Water Drain Works in M1 & M2 Components in Kovalam Basin in Expended Areas in Greater Chennai Corporation Package 16 covering various Streets of Zone 15 under Kfw fund. This domestic order for the construction project has a contract value of Rs 87.56 crore. The project is to be executed within 18 months.

Earlier, the company secured a contract worth Rs. 28.77 crore for the erection, testing, and commissioning of an Air-Cooled Condenser (ACC) and associated auxiliaries at a 3x800 MW power plant in Patratu, Jharkhand. This contract was awarded by Bharat Heavy Electricals Ltd (BHEL).  The contract is domestic in nature and has a performance security clause. The project is expected to be completed within 10 months.

About the Company

RPP Infra Projects Limited, established in 1995, is a prominent player in the Indian construction sector. The company specializes in an array of infrastructure projects, including roads, bridges, buildings, industrial structures, power generation, irrigation systems, and waste management. With a strong focus on EPC (Engineering, Procurement, and Construction) projects, RPP Infra has a diversified portfolio encompassing highways, roads, bridges, civil construction for water management, irrigation, mass housing, and power projects. The company boasts a successful track record, having executed over 200 civil construction projects across southern states like Karnataka, Tamil Nadu, Telangana, and Andhra Pradesh.

As of September 2024, the company has an order book of Rs 3,400 crore. Regarding finances, RPP Infra Projects has a market cap of Rs 680 crore. The company reported amazing numbers in its Quarterly Results (Q2FY25) and annual results (FY24). The company’s shares have a PE of 13x whereas the industry PE is 25x. The stock is up 68 per cent from its 52-week low of Rs 97.05 per share. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.