RPP Infra Share Price Surges 5% After ₹365 Crore Project Win in Rajasthan

Market Performance

RPP Infra shares witnessed a sharp uptick on Friday, rising by ₹6.87 or 4.99%, to lock in the upper circuit. This surge followed the announcement of a significant order win in Rajasthan.

Despite the gain, RPP Infra's share price is still down nearly 28% year-to-date, reflecting broader market volatility and sector-specific challenges.

Main News: Major Project Win Worth ₹365.85 Crore

On July 11, RPP Infra Projects Ltd informed the exchanges that it had secured a ₹365.85 Crore contract in Rajasthan. The contract was awarded to RPP-BCC IV, a joint venture in which RPP Infra holds a 51% stake.

Project Highlights:

• Nature of Work: Retrofitting for water supply through Functional Household Tap Connections (FHTC) under the Jal Jeevan Mission (JJM).
• Location: Ajmer Rural, Arain, and Silora blocks in Ajmer district.
• Coverage: 202 main habitations and 355 additional habitations.
• Water Source: Bisalpur Dam system.
• Supervising Body: Public Health Engineering Department (PHED), Rajasthan.

The Letter of Acceptance (LoA) was received on July 10, with work scheduled to begin 10 days after the issuance of the work order.

Execution Timeline and Maintenance

• Project Completion Timeline: 20 months.
• Defect Liability Period: 1 year.
• Operation & Maintenance: 10 years after completion.

This long-term contract boosts not only RPP Infra's current business but also secures consistent operational engagement in Rajasthan for the next decade.

Company Details and Order Book Position

With the addition of this ₹365.85 Crore contract, RPP Infra's total order book now stands at ₹3,370.32 Crore.

Recent Orders Bagged by RPP Infra:

1. March 2025
   • Value: ₹80.98 Crore
   • Client: The project was commissioned by the Chennai Metropolitan Water Supply and Sewerage Board.
   • Scope:
     • Construction of underground water tanks
     • Setting up distribution stations
     • Laying of feeder mains
     • Replacement of PVC water mains
2. October 2024
   • ₹217.6 Crore for road improvement in Jalgaon, Maharashtra.
   • ₹318.63 Crore for bridge reconstruction and road improvements in Nashik, Maharashtra.

These consecutive project wins underscore the company's expanding presence across states and sectors.

Summary of the Article

The RPP Infra share price jumped 5% on July 11 after the company secured a ₹365.85 Crore water supply contract under the Jal Jeevan Mission in Rajasthan. The project spans over 557 habitations and includes 10 years of maintenance, significantly enhancing long-term revenue streams. With this addition, the company's order book reaches ₹3,370.32 Crore, further solidifying its position in the infrastructure segment.

Despite the recent spike, RPP Infra shares remain down 28% for the year, reflecting the overall challenging market environment. However, steady order inflows suggest operational resilience for the company.