RPP Infra Projects Ltd. hit the 5% upper circuit after securing a Letter of Acceptance (LoA) for a new ₹80.98 crore project from the Chennai Metropolitan Water Supply & Sewerage Board. This development has fueled positive sentiment among investors, driving the stock price higher.
The awarded project focuses on the improvement of water supply infrastructure in Chennai, including:
- Construction of underground tanks and water distribution stations
- Laying of feeder mains in Areas I & V
- Replacement of PVC water mains
- Strengthening of various water mains in Areas IV & V under the Vada Chennai Valarchi Thittam
This contract strengthens RPP Infra’s presence in Tamil Nadu’s infrastructure sector, showcasing its expertise in water management projects. Investors are optimistic about the company’s growing order book and its ability to execute large-scale urban infrastructure initiatives.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
