RPP Infra Projects Share Price Hit 5% Upper Circuit Following New Project Win

Market Performance

On March 6, 2025, RPP Infra Projects shares reached the upper circuit limit, rising 5% to ₹137.55 on the BSE. The surge came after the company secured a new project valued at ₹80.98 crore from the Chennai Metropolitan Water Supply & Sewerage Board. At the time of reporting, there were pending buy orders of 8,219 shares with no available sellers.

The stock recorded a 52-week high of ₹255.00 on December 18, 2024, and a 52-week low of ₹97.05 on March 14, 2024. The stock is trading 48.63% below its 52-week high and 34.98% above its 52-week low.

Main News

The recent positive movement in RPP Infra Projects' share price follows the receipt of a letter of acceptance for a project worth ₹80.98 crore. The project focuses on enhancing water infrastructure in Tamil Nadu under the Vada Chennai Valarchi Thittam initiative. The scope of work involves:

• Construction of underground tanks.
• Establishment of water distribution stations.
• Laying of feeder main pipelines.
• Replacement of PVC water mains.
• Renewal and strengthening existing water mains across multiple areas (Area IV and Area V).

Company Details

Recent Project Wins:

• February 28, 2025: Received a letter of acceptance from the State Industries Promotion Corporation of Tamil Nadu for a project worth ₹108.80 crore.
• January 27, 2025: Secured a letter of acceptance from the Greater Chennai Corporation for a project valued at ₹87.56 crore.

Financial Performance (December Quarter):

• Net Profit: ₹18.87 crore (17% YoY increase).

Stock Performance:

• 52-week high: ₹255.00 (December 18, 2024).
• 52-week low: ₹97.05 (March 14, 2024).
• Current Price: ₹137.55.
• Percentage below 52-week high: 48.63%.
• Percentage above 52-week low: 34.98%.

Summary

On March 6, RPP Infra Projects shares were locked at the upper circuit after receiving a significant water infrastructure project worth ₹80.98 crore in Tamil Nadu. This marks the company's third major project win in recent months, following contracts in February and January worth ₹108.80 crore and ₹87.56 crore, respectively. The company's performance continues to reflect positive momentum in securing infrastructure projects, supported by its 17% year-on-year growth in net Profit during the December quarter.