This Microcap Infrastructure company, saw its stock surge by 3% during trading hours after announcing new order wins totaling Rs. 35.60 Crore. The company received these orders from the State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT).
With a market capitalization of Rs. 997 Crore, RPP Infra Projects specializes in various infrastructure projects which include water supply systems, roads, buildings, and industrial park development.
In a recent announcement, the company announced orders. The first order, valued at Rs. 28.25 Crore, involves the design and construction of a 7 MLD Product water conveyance system. This project will connect the 20 MLD Tertiary Treatment Reverse Osmosis Plant at Kelavarapalli Hosur to SIPCOT Industrial Park Shoolagiri Phase I & II in Krishnagiri District, Tamil Nadu. The contract also includes operation and maintenance for one year on a Design-Build-Operate basis.
The second order, worth Rs. 7.35 Crore focuses on providing internal water supply arrangements. This project includes the construction of two pump rooms in SIPCOT Industrial Park, Shoolagiri Phase I.
RPP Infra Projects will complete the 7 MLD Product water conveyance system project within 18 months. This timeline includes one month for design, 14 months for construction, and three months for trial runs, commissioning, and performance guarantee tests. Following this, the company will handle operations and maintenance for an additional year. For the internal water supply project, RPP Infra Projects has a 10-month completion deadline from the date of site handover.
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Its revenue from operations increased by 30.09% YoY, from Rs. 1,040 crores in FY23 to Rs. 1,353 crores in FY24. Its net profit increased by 96.55% YoY, from Rs. 29 crores in FY23 to Rs. 57 crores in FY24.
These new contracts have improved the RPP Infra Projects order book, which now stands at Rs. 3,558.84 Crore as of October 16, 2024. This strong order book shows the company’s ability to secure and execute infrastructure projects.
The company’s expertise in EPC services, particularly in water infrastructure projects, positions it well to capitalize on India’s growing focus on industrial development and water management. By securing these orders from SIPCOT, RPP Infra Projects demonstrates its strong relationship with government entities and its ability to contribute to critical infrastructure development in Tamil Nadu.
As RPP Infra Projects continues to expand its project portfolio and strengthen its position as a key player in India’s infrastructure development sector. The company’s focus on timely project delivery, quality execution, and strong client relationships bodes well for its future growth prospects in the competitive EPC market.
Written by: Santhosh
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