RPP Infra Projects launches subsidiary in Sri Lanka

RPP Infra Projects today said it has launched a new venture in Sri Lanka, known as RPP Infra Projects (Lanka), to execute a recently won housing project for internally displaced people (IPDs) in the country.

This project would be executed in the Mullaitheeveu, Vavunia, Kilinochchi, Mannar and Jaffna districts of the Northern Province in Sri Lanka, the company said in a statement.

"We have also forayed into Sri Lanka for a railway project and Republic of Gabon for a mass housing project. We are positive that the new venture will turn out to be a good move for us," RPP Infra Projects' Chairman & Managing Director P Arulsundaram said.

The project is being executed by Hindustan Pre-Fab Ltd (HPL), a government of India subsidiary, the statement added.

It further said that A to Z Maintenance and Engineering Services Limited of Gurgaon, would also be executing a part of the IDP Projects under RPP Infra Projects in Sri Lanka.

The company also announced bagging a contract for strengthening the Contour Canal in Parambikulam and Aliyar in Tamil Nadu, taking its total order book size to Rs 2,250 crore.

According to the company, it has executed over 200 civil construction projects across various segments of the construction and infrastructure industry since its incorporation in 1995.

It has also diversified its civil work expertise into SEZ development, water management projects, irrigation and power projects and is primarily doing business in South India.

Scrips of the company were trading at Rs 81.25 apiece on the Bombay Stock Exchange at 1420 hours, up 1.94% from their previous close.