VPRPL shares rise 3.3% after securing Rs 313.4 million government project in Jodhpur

Shares of Vishnu Prakash R Punglia Limited (VPRPL) surged 3.3% on January 2, 2025, trading at Rs 305.15 on the National Stock Exchange. The company announced that it had received a Letter of Intent (LOI) from the Department of Information Technology and Communication, Government of Rajasthan, for elevation works of academic blocks at the Fintech Digital Institute in Jodhpur. The project is valued at Rs 313.4 million.

The development underscores VPRPL’s strong engagement with public sector projects and its expanding footprint in infrastructure. The company expressed its commitment to ensuring the project’s timely and successful execution.

This positive momentum in VPRPL’s stock reflects investor optimism about the company’s growing order book and its ability to secure prestigious government contracts. The stock has traded within a day’s range of Rs 299 to Rs 306 and maintains a market cap of Rs 38 billion.

In its latest update, VPRPL continues to strengthen its position in the engineering and construction domain, supported by its robust project management capabilities and adherence to quality standards. Investors are keenly watching for further developments as the company progresses with this significant government collaboration.