27 Jan , 2025 By : Debdeep Gupta
RPP Infra Projects' share price shed more than 2 in the early trade on January 27 despite the company receiving a letter of acceptance for new projects from Greater Chennai Corporation.
At 09:22 am, RPP Infra Projects was quoting at Rs 168.00, down Rs 3.70, or 2.15 percent, on the BSE.
The project is for the construction of integrated stormwater drain works in M1 & M2 components in the Kovalam basin in expended areas covering various streets of Zone 15 under Kfw fund for a contract value of Rs 87.56 crore, to be completed in 18 months.
On January 22, the company received a letter of acceptance for a new project — erection, testing & commissioning of an air-cooled condenser (ACC) and associated auxiliaries of Unit 2 at 3x800 MW PVUNL STPP Patratu Jharkhandfor contract value of Rs 28.77 crore from Sr. Manager, BHEL — CPC, Noida.
The share touched a 52-week high of Rs 255 and a 52-week low of Rs 97.05 on 18 December 2024 and 14 March 2024, respectively.
Currently, the stock is trading 34.12 percent below its 52-week high and 73.11 percent above its 52-week low.
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