RPP Infra Stock Up by More Than 4% After Company Gets Rs 365.8 Crore Project
By Ankur Chandra | Published at: Jul 11, 2025 02:06 PM IST
Chennai, Jul 11 – The shares of R.P.P. Infra Projects Ltd (NSE: RPPINFRA) jumped 4.99% today after the company announced the securing of a major water infrastructure project (₹365.85 crore) under the Jal Jeevan Mission from the Public Health Engineering Department (PHED), Rajasthan.
Along with expanding its order book, this update underlines RPP Infra’s end-to-end execution capacity and strengthens the company’s technical credentials.
At 11:00 AM, the share traded at ₹144.41 (4.99% higher than the previous day’s close).
Key Contract Highlights
The order involves retrofitting water supply systems through Functional Household Tap Connections (FHTCs) across 202 main habitations and 355 additional habitations in the Ajmer Rural, Arain, and Silora blocks. The project includes a comprehensive Operation & Maintenance (O&M) 10 years following a 1-year defect liability phase.
Project Summary
| Particulars | Details |
|---|---|
| Project Value | ₹365.85 crore (including GST) |
| Executing Agency | PHED, Ajmer, Rajasthan |
| Work Scope | Retrofitting water supply via FHTC |
| Execution Timeline | 20 months + 1-year defect liability + 10-year O&M |
| Joint Venture Lead | RPP Infra Projects Ltd (51% stake in JV) |
| Awarded Entity | M/s RPP-BCC IV JV |
The revised work order (dated July 10, 2025) confirms the contract value as ₹365.85 crore, inclusive of a 14.08% premium over the BoQ base rate of ₹320.70 crore.
Market Reaction and Trading Snapshot
| Metric | Value |
|---|---|
| Stock Price (NSE) | ₹143.50 |
| Change | +₹5.96 (+4.33%) |
| Volume (Lakh) | 0.87 |
| Traded Value (Cr.) | ₹1.21 |
| VWAP | ₹139.11 |
| 52-Week Range | ₹115.35 – ₹255.30 |
As per exchange data, the stock saw buy quantity outpacing sell quantity by nearly 5x, suggesting strong bullish sentiment following the contract win.
Work Order Execution & Oversight
Per the signed government order from the Office of the Additional Chief Engineer, PHED Ajmer, the project will be executed under the supervision of both the Superintending Engineer and the Executive Engineer, PHED Ajmer. The contractor must complete all phases, including design, manufacturing, installation, and trial run, within 20 months, with the 10-year O&M commencing thereafter.
The BoQ-approved amount is fully ratified by the Finance Department of Rajasthan under Approval ID 172501123, with project oversight embedded into the agreement under RajKaj Ref. No. 16467462.
Strong Order Book Visibility
RPP Infra confirmed that it holds a total order book worth ₹3,370.32 crore as of July 11, 2025, underscoring robust business momentum in the civil infrastructure segment.
About the Company
R.P.P. Infra Projects Ltd, listed on NSE (Symbol: RPPINFRA) and BSE (Code: 533284), is a leading civil construction company with a core focus on infrastructure development across water management, roads, and irrigation. The company was listed on December 6, 2010, and operates with a face value of ₹10 per share. It currently trades at an adjusted P/E of 10.44.
REF: https://nsearchives.nseindia.com/corporate/RPPINFRA_11072025102225_Intimationofworkorder_ajmersigned.pdf
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