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RPP Infra Projects gains after winning order

Capital Market 

RPP Infra Projects rose 1.53% to Rs 282 at 15:00 on after the company said it bagged a Rs 33 crore order from TSTRANSCO.

The announcement was made during trading hours today, 17 May 2017.

Meanwhile, the S&P Sensex was up 55.39 points, or 0.18% to 30,637.99.

On the BSE, 18,000 shares were traded in the counter so far, compared with average daily volumes of 55,610 shares in the past one quarter. The stock had hit a high of Rs 287.10 and a low of Rs 272.50 so far during the day. The stock hit a record high of Rs 362.20 on 10 February 2017. The stock hit a 52-week low of Rs 138.50 on 16 November 2016.

The stock had underperformed the market over the past one month till 16 May 2017, rising 1.76% compared with 3.97% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 17.36% as against Sensex's 8.62% rise.

The small-cap company has equity capital of Rs 22.60 crore. Face value per share is Rs 10.

RPP Infra Projects said it bagged order of TSTRANSCO (Transmission Corporation of Telangana). The scope of the order for RPP Infra Projects will be in the civil work worth approximately Rs 33 crore at Tukkapur 400 VK AIS S/S1 - Andhra Pradesh, provided by Siemens. The said work to be completed within 12 months.

On consolidated basis, RPP Infra Projects' net profit rose 53.7% to Rs 3.95 crore on 7.9% growth in net sales to Rs 78.25 crore in Q3 December 2016 over Q3 December 2015.

RPP Infra Projects is engaged in the business of infrastructure development such as highways, roads, bridges, civil construction works, irrigation and water supply projects and power plant.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 17 2017. 15:00 IST