Shares of RPP Infra Projects saw an 8% increase following the company’s announcement that it has agreed to develop the 96 Legends project in Sri Lanka in collaboration with Wills Realtors Pvt Ltd. The partnership will see RPP Infra or its subsidiary act as the developer, with plans to fund a portion of the project’s capital expenditure (CAPEX).
While specific details of the deal are still pending, with further information expected after the execution of definitive documents.
RPP Infra Projects opened today at ₹211.00, reaching a high of ₹227.00 and a low of ₹210.26. The stock is trading near its 52-week high of ₹236.04. With a 52-week low of ₹91.50, RPP Infra has demonstrated impressive recovery and growth potential.
As of 9:31 am, RPP Infra Projects shares were trading 8.66% higher at Rs 221.80 on the NSE.
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