Shares of RPP Infra Projects erased early losses and jumped 9 per cent to hit a fresh 52-week high of Rs 81.75 on the BSE in Wednesday s intra-day trade after the firm said it has bagged four orders worth Rs 1,000 crore.
The company, in an exchange filing, on Wednesday announced that it has received four letters of acceptance for four new projects.
Among the four orders that the company has won, one is from the Tamil Nadu Water Supply and Drainage Board under the Jal Jeevan Mission worth Rs 131.14 crore. It has bagged another order from the Highways Department as part of the Chennai-Kanyakumari Industrial Corridor Project which involves upgrading two stretches of the road at a total contract price of Rs 558.66 crore.