R.P.P. Infra Projects Limited has informed the Exchange about Awarding of order(s)/contract(s)
RPPINFRA · price
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Awaiting price reaction for this filing.
R.P.P. Infra Projects has received a Letter of Acceptance for the development of the UPSIDA Industries Area at Bharapachpera-Pilibhit, Uttar Pradesh on an EPC basis, covering 951.79 acres. The total contract value is Rs. 282.88 Crores (including GST), to be executed over 18 months. The order has been awarded by UPSIDA (U.P. State Industrial Development Authority), a domestic government entity. The company won the bid at 7.2% below the sanctioned estimated cost, indicating competitive pricing. The order is domestic, with no promoter or related party involvement.
Positive addition to the company's order book, strengthening revenue visibility for the next 18 months. Government-backed infrastructure orders generally support steady cash flows and may boost investor sentiment around the stock.