PBA Infra and RPP Infra bag new projects, both sizzle in the markets

PBA Infrastructure (PBA Infra) and RPP Infra Projects (RPP Infra) informed stock exchanges on Wednesday that they bagged new projects worth Rs 157.75 crores and Rs 30.5 crores.

PBA Infra will work on widening and strengthening of existing highway section of NH 848 in two laning, with paved order in Nashik district in Maharashtra through the Engineering, Procurement & Construction (EPC) basis contract. PBA Infra holds 51 per cent in this project. The said work has a timeline of 24 months.

PBA Infra is engaged in execution of infrastructure development projects through fixed price contracts. Company's infrastructure projects include road work, bridge work and irrigation projects. Company operates out of Mumbai.

On the financial front, PBA Infra's total revenue from operations decreased by 41.69 per cent to Rs 172 crores in FY15 from Rs 293 crores in FY14. Company faced a loss of Rs 18 crores in FY15. PBA Infra has a total debt of Rs 284 crore as of FY15. The debt burden is 51.91 per cent of the total assets of the company. The company's new orders constitute 92.48 per cent of its Rs 170.57 crore revenue base in FY15. Its total order book stands at Rs 350 crore post the current project. Share price of PBA Infra surged by 9.90 per cent to Rs 23.3 on Wednesday and closed at Rs 21.55 an increase of 1.65 per cent from previous close.

On the other hand, RPP Infra secured an order from Karnataka State Police Housing and Infrastructure Development Corporation for construction of 212 police residential accomodations in Dharwad district under Police Gruha 2020 scheme. The said work is to be completed in 20 months.

RPP Infra is engaged in business of infrastructure development such as highway, roads, bridges, civil construction works, irrigation and water supply projects and construction of power plants.

On the financial front, RPP Infra's total revenue from operations increased by 10.67 per cent to Rs 266 crores in FY15 from Rs 240 crores in FY14. The EBITDA stood at Rs 35.08 crores, a decrease of 2.03 per cent from the previous year. The net profit stood at Rs 16.58 crores an increase of 21.91 per cent from the previous year. The company has total debt of Rs 85.49 crore as of FY15. The debt burden is 20.46 per cent of total assets of the company. RPP Infra's new orders constitute 11.46 per cent of its Rs 266 crore revenue base in FY15. Its total order book stands at Rs 678 crores post the current project. Share price of RPP Infra surged by 4.15 per cent to Rs 112.9 on Wednesday and closed at Rs 108, a decrease of 0.37 per cent from previous close.

India envisages a big growth for infrastructure in the coming days and companies are poised to garner a sizeable growth from this by winning orders.