RPP Infra’s scrip shoots up on news of bagging order worth Rs 38.9 crores

In the wake of bagging an order valued at Rs 38.9 crores, the shares of RPP Infra Projects shot up by nearly 2% during Thursday’s trading session. The order was received from Sumitomo Electric Industries Limited for setting up +/- 320 KV, 2 x 1,000 MW VSC base HVDC terminals and DC XLPE cable system between Pugalur and North Trichur associated with the HVDC bipole link between the western region of Raigarah and Chhattisgarh and the southern region of Pugalur, Tamil Nadu and North Trichur, Kerala.
 
This includes construction of the concrete duct bank and supply of all the necessary items, including HDPE pipes for 13.50 km from Vadakkancherry, worth Rs 389 million. The said order is expected to be completed within 18 months.
 
Meanwhile, the stock was trading up by 1.75% at Rs 267 per share on the BSE at 1148 hours. It opened at Rs 264.50 per share and touched its intraday high and low at Rs 269.20 and Rs 260 per share, respectively. The stock has attracted a total traded volume of 1,01,453 shares and traded value of Rs 269.66 lakhs on the NSE at 1155 hours. The stock's 52-week high stood at Rs 362.75 per share as on February 10, 2017 and its 52-low was at Rs 147.35 as on November 9, 2016.