Shares of RPP Infra Projects surged over 7% to Rs 92 on the BSE after the company today announced that it has received rural electrification orders worth Rs 55.20 crore.
The contract is for rural electrification work of Villages/Majre of Baghpat District in Uttar Pradesh under the RGGVY 12th Plan for a total value of Rs 55.20 crore, the company said in a release.
"We are receiving many work orders from the inception of fiscal 2014-15. I hope that it will lead to enhance our company's turnover and profit this fiscal year," the release said quoting chairman and managing director, Arul Sundaram.
The stock opened at Rs 90 and touched a 52-week high of Rs 102 on the BSE so far. Over 75,000 shares were traded on both the stock exchanges so far.
