R.P.P. Infra Projects Limited has informed the Exchange about Bagging/Receiving of orders/contracts
RPPINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
R.P.P. Infra Projects has bagged a new work order worth Rs. 205.89 crores (including 18% GST) from the Sports Development Authority of Tamil Nadu (SDAT), a state government body. The contract is for the establishment of a Global Sports City in Chennai on an EPC (design, engineering, procurement, and construction) basis. The project must be completed within 18 months from the date the site is handed over. RPP Infra is required to furnish a performance security deposit of about Rs. 5.18 crores (net of EMD), valid for 36 months. The order is a domestic contract with no related-party involvement.
This is a sizeable government order that adds to the company's order book and provides revenue visibility for the next 18 months. For a small-cap infrastructure firm, a Rs. 205+ crore contract is meaningful and could support earnings over the execution period, though margin execution and timely site handover will be key watchpoints.