Net sales in FY22 increased by 56.24% to Rs 801.68 crore compared to Rs 513.11 crore in FY21.
RPP Infra Projects Ltd has been awarded by the Government of West Bengal to work on a mini-pipe water supply plan using groundwater. The value of the order received is Rs 1,04,54,65,604.82 including all taxes and charges as per the terms and conditions.
The project will cover eight blocks of Balurgut, Hili, Kumarganj, Tapang, Gangarampur, Kushmandi, Bansihari and Harirampur in the Balurgurat Division of West Bengal. RPP Infra Projects Ltd (51% stake) and its JV partner (49% stake) will invest in the project according to their holding capacity and complete the above projects within the determined timelines.
Today, RPP Projects Ltd shares increased 3.69% to Rs 45 per share from its previous closing price of Rs 43.40. The stock has a 52-week high of INR 75.20 and a 52-week low of INR 29.60.
RPP Infra Projects Limited was established in 1995. He has been involved in construction across multiple infrastructure verticals including roads, buildings, industrial structures, power, irrigation and waste management.
In terms of financials, RPP Infra Projects has a market capitalization of Rs 1,716 crore. Net sales in FY22 increased by 56.24% to Rs 801.68 crore compared to Rs 513.11 crore in FY21. The company’s stock is up 9.71% over the past month and 21.68% over the past six months. Investors should keep this stock on their watchlist.