Upper Circuit Stock: On Tuesday, October 15, RPP Infra's stock saw a jump. This jump was seen after the company received a new order. Giving information in the exchange filing, the company said that it has received an acceptance letter for the improvement work of a 19 km long road section in Jalgaon, Maharashtra at a cost of Rs 217.61 crore.

The company said in a stock exchange filing that it has received an order from the Chief Engineer and Project Director (EAP) Mumbai of Konkan. This order is for the improvement of Kothore, Digger, Satana, Malegaon, Chalisgaon, Pachora, Shendurni, Pahur, Wakdi road. It is to be completed in 2 years. The company also said that it has received more contracts this year. It has a work order of ₹ 3,523.24 crore till October 15, 2024.

Order was received yesterday as well Earlier, on Thursday, October 14, the company said that it has received new orders of ₹ 127.46 crore for the improvement of 139 km long Poladpur Mahabaleshwar Y Surur Road. This order has been received from the Chief Engineer of Maharashtra State Infrastructure Development Corporation and it is estimated to be completed in 2 years. Last week, the company reported securing two contracts in Maharashtra, worth a total of ₹318.63 crore. These projects include construction of concrete road on Alibag bypass road and reconstruction and widening of bridges and drains, with a contract value of ₹201.94 crore. In addition, RPP Infra will take up the work of improvement of Pachorawadi-Shewal-Satgaon Road (SH-40) in Pachora area of ​​Nashik, valued at ₹116.69 crore. With the recent addition of new orders, RPP Infra's active order book has reached ₹3,240.63 crore as on October 8, 2024. Shares of RPP Infra were trading at ₹195.1 per share, up 4.64% at 1:40 pm on October 15. The stock has gained 82.59% in the last six months.