RPP Infra Pockets Order Worth Rs 15 Bln; Stock Surges 7.9%

RPP Infra Pockets Order Worth Rs 15 Bln; Stock Surges 7.9%RPP Infra Projects has bagged mass housing deal in Republic of Gabon (RG) granted by the housing ministry.

The scope of the contract, which is valued at Rs 15 billion, includes construction and delivery of 10,000 houses in a period of 36 months in different stages.

The deal is awarded to the company on `design, build and transfer` (DBT) Model.

Under the contract, the administration shall allot 120 hectares of free land for building houses.

As on February 28, the company's order book position has reached Rs 2225 crore with this contract.

On February 10, the company has been granted a deal for building up SEZ by Republic of Gabon.

The stock of the company, on March 01, marked its closure at Rs 68.20, up 7.9%, on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 80.40 and a low of Rs 53.05 on BSE.