A leading infrastructure company has secured a significant contract worth Rs. 7.94 crore from a major power utility corporation. The project involves designing, installing, and maintaining grid-connected rooftop solar PV plants across various buildings in West Bengal and Jharkhand. This development marks a notable advancement in the region’s renewable energy infrastructure.
Share Price Movement
The share price of RDB Infrastructure and Power Limited reached an intraday low of 3.36 percent to Rs. 520.20 per share on Tuesday, an increase from its previous close of Rs. 538.28 per share. The market capitalisation now stands at approximately Rs. 907 crore as of December 31, 2024.
What Happened
RDB Infrastructure and Power successfully bid in a tender issued by Damodar Valley Corporation (DVC) for the installation of grid-connected rooftop solar PV plants in West Bengal and Jharkhand. The company participated in this tender and announced that their bid was successful.
This project is worth Rs. 7.94 crore for the design, engineering, supply, installation, and commissioning of grid-connected rooftop solar PV plants, including comprehensive operation and maintenance (O&M) for 5 years, in DVC-owned buildings located in the DVC command area in West Bengal and Jharkhand.
Financial Highlights
According to its recent filing, in the quarter ending September 2024, RDB Infrastructure and Power’s consolidated revenue from operations has increased by 90 percent YOY from Rs. 17.04 crore in Q2 FY24 to Rs. 32.48 crore in Q2 FY25 and increased by 5.79 percent QoQ from Rs. 30.70 crore in Q4 FY24.
The company’s consolidated net profit has increased by 8.28 percent, from Rs. 1.57 crore in Q2 FY24 to Rs. 1.70 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has increased by 78.94 percent QoQ from Rs. 0.95 crore.
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Market Outlook
The global economy faced a mix of opportunities and challenges in 2023, with inflation, geopolitical tensions, and supply chain disruptions impacting growth. However, the Indian economy remains strong, with a 7.3% GDP growth forecast for 2023–24.
The real estate sector in India is thriving, driven by rising urbanisation, higher income levels, and growing demand in residential and commercial spaces. The sector continues to attract investment, with innovative policies and a robust economic framework supporting long-term growth, despite some challenges like rising interest rates and supply shocks.
Shareholding Pattern
As of the September 2024 shareholding pattern, RDB Infrastructure and Power Limited is primarily held by the promoters at 70.42 percent and the public at 29.57 percent, respectively.
About Company
RDB Infrastructure and Power Ltd., founded in 1981 and headquartered in Kolkata, is a key player in Indian real estate with operations in New Delhi, Mumbai, Hyderabad, and Chennai. Part of the RDB Group, the company develops residential and commercial properties and is involved in packaging, power, telecom equipment, retail chains, and logistics. Despite its focus on high-quality construction and timely project delivery, the company faces challenges like low return on equity, increasing debtor days, and a high debt-to-equity ratio, indicating reliance on debt for expansion. These factors are crucial for investors to consider when evaluating the company’s financial stability and growth prospects.
Written By Fazal Ul Vahab C H
Disclaimer
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