RPP Infra Projects Ltd has experienced a 5% surge in its stock price after being awarded a significant contract worth INR 217.61 crore for road improvement in Maharashtra. This project focuses on upgrading the Kothore Digar Satana Malegaon Chalisgaon Pachora Shendurni Pahur Wakadi Road in Jalgaon district, which is part of Maharashtra’s broader state highway development plan.
The contract, awarded by the Chief Engineer of the Konkan region, is slated for completion within two years. The company now boasts a robust order book valued at INR 3,523.24 crore as of October 15, 2024, further strengthening its position in the infrastructure sector.
This project not only expands RPP Infra Projects’ presence in road construction but also aligns with its long-term strategy to contribute to critical infrastructure works across the country.
As of 12:43 pm, the company’s shares were trading 5% higher at ₹195.77 on the NSE.
