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Infra stock engaged in the business of construction across multiple infrastructure verticals like roads, buildings, industrial structures, power and many more jumped 18 percent in the day’s trade upon receiving a work order worth ~Rs. 311 Crores to build 2 jails. 

Price Action 

With a market capitalization of Rs. 605 Crores, the shares of RPP Infra Projects Limited were trading at Rs. 159.55 per equity share, up 12 percent from its previous day’s close price of Rs. 143 

What Happened 

RPP Infra Projects Limited has received two letters of acceptance (LOA) for a consideration of Rs. 310.93 Crores. The first work order is received from the Office of the Superintending Engineer P.M.G.S.Y. Circle PWD Meerut for a consideration of Rs. 158.82 Crores for the Construction of a New District Jail with 1026 capacity at Hapur (U.P) India on Engineering, Procurement and Construction (EPC) model within 18 Months. 

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The second work order is received from the Office of the Superintending Engineer P.M.G.S.Y. Circle PWD Varanasi for consideration of Rs. 152.11 Crores for the Construction of a New District Jail with a 1026 Capacity at Jaunpur, U.P.India on EPC mode within 18 Months. 

About the company 

RPP Infra Projects Limited is engaged in the business of construction across multiple infrastructure verticals like roads, buildings, industrial structures, power, irrigation, water management, and many more. 

Financials and Ratios 

Its revenue from operations grew by 30 percent from Rs. 1,040 Crores in FY23 to Rs. 1,353 Crores in FY24, accompanied by profits of Rs. 29 Crores to Rs. 57 Crores. 

In terms of Return ratios, it has reported a return on equity (ROE) of 14.5 percent, and a return on capital employed (ROCE) of 21.2 percent. It has reported a debt-to-equity ratio of 0.10. 

Written by: Bharath K.S

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