Introduction:
Leading infrastructure company has reached an agreement with Wills Realtors Pvt Ltd to develop the “96 Legends” project in Sri Lanka. The company will invest in and oversee the project’s development, marking a significant step in international expansion.
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Share price movement of RPP Infra:
On December 5, 2024, R.P.P Infra Projects Ltd opened at ₹211.60, up 3.78% from its previous close of ₹203.90. The stock reached a high of ₹227.00 (5.15%) and a low of ₹210.50. By 11:49 AM, it traded at ₹214.40, a 5.15% increase, with a market cap of ₹816.45 crore.
R.P.P Infra announces Sri Lanka project:
R.P.P Infra Projects Ltd, a leading infrastructure company, has entered into an agreement in principle with Wills Realtors Pvt Ltd for the development of the “96 Legends” project in Sri Lanka. The company plans to invest in the project, contributing to the capital expenditure.
Under the agreement, R.P.P Infra or its subsidiary will take on the role of developer, overseeing the project’s development and execution. This participation includes significant investment and resources to ensure the project’s success in the Sri Lankan market.
Further details will be shared once definitive agreements are executed, including the SEBI Master Circular and other applicable guidelines. This project marks a significant step in R.P.P Infra’s international expansion, with market updates awaited.
Recent news on RPP Infra:
As of November 22, 2024, R.P.P Infra Projects’ stock rose after the company secured a ₹21.83 crore order from Bhabha Atomic Research Centre. The project involves constructing service structures, RCC culverts, and sewer lines at Kalpakkam, Tamil Nadu.
Stock performance of RPP Infra for Period of 1 week, 6 months and 1 year:
R.P.P Infra Projects has shown strong performance, with a 1.30% return over the past week, a remarkable 72.5% return over six months, and an impressive 101% return over the past year, reflecting significant growth and investor confidence.
Shareholding pattern of RPP Infra:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 50.90% | 50.90% | 50.90% |
| FII | 0.50% | 0.50% | 0.50% |
| DII | 0.00% | 0.00% | 0.00% |
| Public | 48.60% | 48.60% | 48.60% |
About RPP Infra:
R.P.P Infra Projects Limited (NSE: RPPINFRA), established in 1995, is a leading EPC contractor with expertise in roads, buildings, power, irrigation, and waste management. The company has successfully completed over 200 projects in southern India.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
