RPP Infra Projects gains on Rs 26 crore order from NHAI

The order worth Rs 25.6 crore is for widening road on NH-17 & NH-48 in identified stretches of New Mangalore Port Road Connectivity Project

Shares of RPP Infra Projects were up nearly 3% at Rs 110 on the Bombay Stock Exchange after the company said it has recceived orders worth Rs 25.6 crore from the National Highway Authority of India (NHAI).

The orders are for improving and widening road on NH-17 & NH-48 in identified stretches of New Mangalore Port Road Connectivity Project, the company said in a release.

The above project is to be completed within 9 months, the release said adding that India envisages a sizeable growth from this by winning the order from NHAI.

The stock opened at Rs 107 and touched a high of Rs 112. At 1:10pm, over 116,000 shares were traded on both the stock exchanges.