Synopsis: Shares of this infra stock rose 10% after securing a Rs. 205.89 crore EPC contract from the Sports Development Authority of Tamil Nadu to build the Global Sports City in Chennai, with an 18-month completion timeline.
The shares of this company are engaged in construction across multiple infrastructure verticals like roads, buildings, industrial structures, power, irrigation and waste management are in the spotlight after it rose by 10 percent in today’s market session on securing an order worth Rs. 206 cr, which is 50% of their market capitalisation.
With a market capitalisation of Rs. 412 cr, the shares of RPP Infra Projects Ltd were trading at Rs. 83 per share, increasing 10% in today’s market session, making a high of Rs. 86.48, up from its previous close of Rs. 78.08 per share.
About the order
RPP Infra Projects Limited has received a work order from the Sports Development Authority of Tamil Nadu (SDAT) for the establishment of the Global Sports City in Chennai. The total contract value is Rs. 205.89 crore.
The contract involves the design, engineering, procurement, and construction of the Global Sports City under the EPC (Engineering, Procurement, and Construction) mode. The expected completion timeline is 18 months from the date of site handover.
The work order specifies that a Performance Security Deposit of 3% of the contract value, totalling Rs. 5.18 crore (after adjusting the EMD of Rs. 0.99 crore), must be furnished within 14 days.
This security deposit will remain valid for a period of 36 months, covering the defect liability period after project completion. The contract agreement must be executed on a non-judicial stamp paper of Rs. 100 and signed by both RPP Infra Projects Limited and the SDAT authorities.
Within 21 days of receiving the work order, RPP Infra Projects Limited is required to submit a Time and Progress Chart (using CPM/PERT or Quantified Bar Chart methodology) detailing quarterly milestones and resource plans (manpower, material, machinery).
About the company
RPP Infra Projects Ltd is an Indian construction and infrastructure development company engaged in engineering, procurement and construction (EPC) services across diversified segments such as highways, roads and bridges, buildings, water management, irrigation and power projects.
On a year-over-year basis, the company’s sales grew by 7%, reaching Rs. 380 crore in Q3FY26, up from Rs. 355 crore in Q3FY25. Profitability declined sharply, with EBITDA dropping 86% to Rs. 3.78 crore compared to Rs. 26.7 crore a year earlier. Net profit fell 96% to Rs. 0.67 crore, down from Rs. 18.9 crore, resulting in an EPS of Rs. 0.14, a decline of 96% from Rs. 3.81.
Order book
As of Q3FY26, it has secured 10 new projects in India worth a total of Rs. 2,336.78 crore, spanning infrastructure (8 projects), buildings (1 project), and water management (1 project).
Additionally, their global project in Sri Lanka is awaiting final building permit approval, with piling work set to begin soon. The company continues to actively pursue and monitor new construction opportunities, anticipating positive outcomes in the upcoming financial period.
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