Reliance Power Share | RPP Infra Projects Limited recently witnessed a significant surge in its share price, climbing over 15% to ₹165.80. This rise followed the announcement of new contracts totalling ₹310.93 crores for constructing district jails in Hathras and Jaunpur, Uttar Pradesh. These projects will be executed under the Engineering, Procurement, and Construction (EPC) model, allowing RPP Infra to manage the entire process from planning to construction.
Key Details of the Contract
- Projects Awarded:
- Hathras District Jail: Valued at ₹158.82 crore.
- Jaunpur District Jail: Valued at ₹152.11 crore.
- Project Model:
- The EPC model ensures RPP Infra oversees all aspects of planning, design, and construction.
Impact on Reliance Power Share Prices
The announcement had an immediate positive effect on Reliance Power Share‘s, reflecting investor confidence in the company’s ability to secure significant projects and indicating strong growth prospects.
Historical Performance
Over the past year, Reliance Power Share‘s have appreciated by more than 175%, demonstrating the company’s consistent performance and successful capitalization of opportunities in the infrastructure sector.
Future Prospects
These new contracts expand RPP Infra Projects’ portfolio and enhance its position for future growth. With a solid track record and new project wins, the company is poised for continued success in the infrastructure sector.
For more information, read the full article on Live Hindustan.
