The Company has received a new work order from State Industries Promotion Corporation of Tamil Nadu Limited for Rs.5,13,00,000
RPPINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
RPP Infra Projects Ltd has received a work order from SIPCOT (State Industries Promotion Corporation of Tamil Nadu Limited) for removal of retrieved hard rock materials at their SIPCOT Industrial Park in Shoolagiri. The order value is Rs. 5.13 crore (including GST). The contract is to be completed within 12 months from the date of site handover. SIPCOT is a Government of Tamil Nadu Undertaking. The company must pay 50% of the contract price within 30 days and provide a security deposit of Rs. 25.65 lakh (5% of contract value).
This is a positive development as the company secures a government contract worth Rs. 5.13 crore, providing revenue visibility for the next 12 months. The order is from a state government entity, indicating steady government sector demand for RPP Infra's services.