RPP Infra Projects Secures Order from Bhabha Atomic Research Centre
ECONOMY & POLICY

RPP Infra Projects Secures Order from Bhabha Atomic Research Centre

Shares of RPP Infra Projects surged by up to 2.88%, reaching an intraday high of Rs 169.45. This increase followed the announcement that the construction company had secured an order valued at Rs 21.83 billion from the Bhabha Atomic Research Centre (BARC) for its Nuclear Recycle Board.

In an official exchange filing, RPP Infra Projects confirmed that it had received a letter of acceptance (LOA) for a project at the FRFCF site in Kalpakkam, Tamil Nadu. The contract includes the construction of service supporting structures, RCC culverts, sewer lines, and other associated works between Buildings 503, 401, 306, and 307 at the project site.

The project, with a timeline of 18 months for completion, adds to the company's growing portfolio of infrastructure work. RPP Infra Projects has made significant strides in sectors like roads, urban infrastructure, and irrigation, with major involvement in national schemes such as Bharat Mala, Smart Cities, and the Pradhan Mantri Gram Sadak Yojana.

The company, which operates extensively in South India across Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana, has a market capitalisation of Rs 638.80 billion. The company's 52-week stock high is Rs 235.45, while its low is Rs 89.13. At 12:25 PM on the day of the announcement, RPP Infra Projects' shares were trading at Rs 167.50, 1.70% higher than the previous day, with the BSE Sensex rising 1.14% to 78,038.38.

Shares of RPP Infra Projects surged by up to 2.88%, reaching an intraday high of Rs 169.45. This increase followed the announcement that the construction company had secured an order valued at Rs 21.83 billion from the Bhabha Atomic Research Centre (BARC) for its Nuclear Recycle Board. In an official exchange filing, RPP Infra Projects confirmed that it had received a letter of acceptance (LOA) for a project at the FRFCF site in Kalpakkam, Tamil Nadu. The contract includes the construction of service supporting structures, RCC culverts, sewer lines, and other associated works between Buildings 503, 401, 306, and 307 at the project site. The project, with a timeline of 18 months for completion, adds to the company's growing portfolio of infrastructure work. RPP Infra Projects has made significant strides in sectors like roads, urban infrastructure, and irrigation, with major involvement in national schemes such as Bharat Mala, Smart Cities, and the Pradhan Mantri Gram Sadak Yojana. The company, which operates extensively in South India across Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana, has a market capitalisation of Rs 638.80 billion. The company's 52-week stock high is Rs 235.45, while its low is Rs 89.13. At 12:25 PM on the day of the announcement, RPP Infra Projects' shares were trading at Rs 167.50, 1.70% higher than the previous day, with the BSE Sensex rising 1.14% to 78,038.38.

Next Story
Infrastructure Transport

NHAI to Upgrade Tamil Nadu Highways

To reduce congestion on key national highways in Tamil Nadu, the National Highways Authority of India (NHAI) has planned capacity upgrades for at least eight highway stretches. The improvements will include bypasses, flyovers, and four-laning in Salem, Coimbatore, Tiruppur, Nilgiris, and Cuddalore. NHAI has invited tenders to appoint consultants for preparing detailed project reports (DPRs) on these expansions. The affected highways include NH-181, NH-81, NH-532, NH-85, and NH-136. Proposed Upgrades Across Highways - NH-181 (Coimbatore-Gundlupet Route): This stretch will see four bypasses an..

Next Story
Infrastructure Transport

Ludhiana-Bathinda Highway Revived as NHAI Invites Bids

The Ludhiana-Bathinda highway project, initially stalled due to land acquisition issues, has been revived as the National Highways Authority of India (NHAI) invites fresh bids to resume construction. The project, part of the Ludhiana-Ajmer Economic Corridor, is estimated to cost Rs 24.61 billion and will be executed in two phases. Package 1, covering 30.03 km, has a budget of Rs 9.06 billion, while Package 2, spanning 45.25 km, is set to cost Rs 15.55 billion. The NHAI had previously withdrawn the project due to unavailability of land. However, intervention from Union Minister for Road Trans..

Next Story
Infrastructure Urban

Dilip Buildcon Wins Rs 460M Arbitration

Infrastructure major Dilip Buildcon has secured an arbitration award of Rs 460 million against the National Highways Authority of India (NHAI) over delays and breaches during the execution of a highway project in Karnataka. The dispute pertains to the Rehabilitation and Upgradation of the Kerala Border to Kollegala Section of NH 212, awarded to Dilip Buildcon under an Engineering, Procurement, and Construction (EPC) agreement dated June 6, 2014. The project involved two-lane expansion with paved shoulders and four-lane development under the National Highways Development Project (NHDP) Phase IV..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?