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.
R.P.P. Infra Projects Limited has received a work order worth Rs. 5,13,00,000 (Rs. 5.13 crores) including applicable GST from SIPCOT, a Tamil Nadu government undertaking. The contract involves removal of retrieved hard rock materials at the SIPCOT Industrial Park in Shoolagiri. The work is to be completed within 12 months from the date of site handover. The company needs to submit a security deposit of Rs. 25,65,000 (5% of contract value), execute the agreement within 10 days, and obtain insurance within 21 days. Payment terms include 50% upfront and the balance in two installments at 6th and 9th month with 12% simple interest.
This new order from a government entity provides revenue visibility for the company over the next 12 months, which is positive for the order book. However, the order size of Rs. 5.13 crores is modest relative to typical infra project companies and the stock impact would depend on the company's overall revenue base.