RPP Infra Projects, a key player in the construction and infrastructure sector, saw a notable surge in its shares on Wednesday, December 3. The stock jumped 8% during early trade to ₹115.60, before settling slightly lower but still showing gains of 1.5% at ₹108.90 as of 11:45 a.m.
The rally comes on the back of another significant contract win, strengthening the company's order book and reflecting steady business growth despite recent market pressures.
Market Performance
- Stock Movement: RPP Infra Projects opened sharply higher but gave up most of the initial gains.
- Current Price: ₹108.90
- Intraday Trend: Shares continue to trade in positive territory, signaling investor attention toward its expanding order book.
Main News: Securing a New ₹26 Crore Contract
The company announced in a regulatory filing after market hours on Tuesday that it secured a new order worth ₹26 crore from the Office of the Superintending Engineer (Highways) Construction and Maintenance, Tiruvannamalai Circle, Tamil Nadu.
The contract is aimed at widening the Hogenakkal–Pennagaram–Dharmapuri–Thirupathur Road (SH-60) from two lanes to four lanes. The project is expected to be completed within the next 12 months.
Importantly, RPP Infra clarified that neither the promoters nor the promoter group companies have any stake in the entity awarding the contract. The company also confirmed that the order does not fall under related-party transactions.
Company’s Expanding Order Book
This recent contract marks the second order win for RPP Infra Projects in quick succession:
- Previous Week: ₹69.36 crore contract from Office of the Superintending Engineer, Chennai Circle, Anna Salai for widening and improving the Thirumazhisai–Uthukottai Road (SH-50).
- September Order: ₹134.21 crore from Maharashtra State Infrastructure Development Corporation (MSIDC) for road improvement works in Raigad district.
As per the Q2 earnings filing, the company’s current order book consists of 43 ongoing projects with an outstanding order value of ₹3,874 crore yet to be executed.
- Out of this, ₹1,851 crore worth of new orders awarded during the year are still in the initial stage.
- Management is prioritizing the early commencement of these projects to maintain momentum.
Share Price History and Long-Term Performance
While RPP Infra Projects has been under pressure on Dalal Street in recent months:
- The shares have fallen 57% from December 2024 highs of ₹255.30.
- In 2025 alone, the stock has declined 45%, marking the largest yearly drop since 2018.
Despite this short-term volatility, the stock has shown impressive long-term gains:
- 3-year growth: 168%
- 5-year growth: 136%
This reflects the company’s consistent operational performance and expanding presence in the infrastructure sector.
Shareholding Pattern
As of the end of the September quarter:
- Retail Shareholders: 60.7%
- Promoters: 39.2%
The significant retail holding indicates strong market participation and confidence in the company’s growth story.
Summary
RPP Infra Projects is steadily building its order book with new contracts across Tamil Nadu and Maharashtra. Despite recent market pressures, the company’s long-term performance remains strong, supported by a growing pipeline of projects worth thousands of crores.
The recent ₹26 crore SH-60 contract reinforces RPP Infra’s position as a prominent player in India’s infrastructure development sector.
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