Corporate Actions
R P P Infra gains after bagging Rs 52-cr order from water resources department

19-Feb-26   12:34 Hrs IST
The contract has been awarded by the Superintending Engineer, Palar Basin Circle, Chepauk, Chennai. According to the company's exchange filing, the scope of work includes the formation of new tanks, construction of peripheral earthen drains, cut-and-cover channels, and capacity enhancement of surrounding tanks. The project also involves flood mitigation works for the proposed Global Sports City at Semmancheri, Chennai.

The total value of the work order stands at Rs 52,17,05,486 and the project is scheduled to be completed within 12 months.

The company clarified that none of its promoters or promoter group entities have any interest in the awarding authority. It further stated that the contract does not qualify as a related-party transaction under applicable regulatory norms.

R P P Infra Projects is engaged in construction across multiple infrastructure verticals like roads, buildings, industrial structures, power, irrigation, and water management and has executed many projects.

The company's consolidated net profit fell 96.4% to Rs 0.67 crore on a 6.9% rise in revenue from operations to Rs 379.73 crore in Q3 FY26 over Q3 FY25.

Powered by Capital Market - Live News

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.