RPP Infra Projects Stock Jumps 4% on ₹134.21 Crore Order Win

Mumbai, September 5, 2025 – The shares of RPP Infra Projects Ltd (NSE: RPPINFRA, BSE: 533284) rallied by more than 4% during the early trading hours on Friday as the company announced securing a significant government order worth ₹134 crore. The company received an LOA (Letter of Acceptance) from the Maharashtra State Infrastructure Development Corporation for the improvement of road infrastructure in Raigad district (details of the project later).

Stock Price Movement (11:00 AM)

The stock opened higher at ₹155.64 and reached an intraday high of ₹157.90 (+4.27%). However, the selling pressure soon mounted, and at 11:00 AM, the share traded at ₹152.14 (0.50% higher than the previous day’s closing price). The company’s market capitalization now stands at ₹769.57 crore. Despite a bit of consolidation, the share has surged close to 19% in the past month. The company’s P/E ratio is 12.44 compared to the market average of 24.36.

Key Trigger: New Work Order

The company has received an LOA from Maharashtra State Infrastructure Development Corporation for the improvement of the Matheran–Neral–Kalamb Road and adjoining stretches in Karjat, Raigad district. The project, valued at ₹134.21 crore, will be executed within 12 months under an EPC contract covering road improvement works (SH-109 and MDR-104). This new order strengthens RPP Infra’s civil construction portfolio and adds to its growing order book, which is expected to influence investor sentiment positively.

This follows the previous month, during which the company received a ₹1.43 crore order from NNTPS for the supply, test, commissioning, and certification of one Kone elevator in the company’s service building.

REF: https://nsearchives.nseindia.com/corporate/RPPINFRA_04092025162315_Intimationofworkorderraighadsigned.pdf

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