RPP Infra opened today at Rs.63.15 and rose to a 52-week high at Rs.68.69, up 9.5%. Volumes are up over 3x.
The stock price surged to a new high after the company announced that its JV with Hs Engineers Associates has received a letter of acceptance for a new project in Himachal Pradesh worth Rs 138 crore.
RPP Infra with 51% holding along with its JV partner (49% holding) will invest in the project as per their capacity of holding and complete the said project within the decided timeline.
This is the company’s third order win in the month of July.