Shares of RPP Infra Projects surged 9%, the most in nearly two weeks, after it, in a joint venture with HS Engineers Associates, won an order worth Rs 138.24 crore.
The order includes engineering, procurement, construction, testing, commissioning, trial runs, operation, and maintenance of various components of various lift water supply schemes from the River Beas in the Barsar district of Hamirpur, Himachal Pradesh.
The project is set to be executed on a "turn-key job basis", with an execution period of two years, a defect and liability period, and maintenance of the entire scheme for five years.
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Shares of RPP Infra Projects rose 3.02% to Rs 68.6 apiece, compared to a 0.27% gain in the NSE Nifty 50 as of 10:17 a.m. The stock rose 9.06% intraday, the most in nearly two weeks.
The average traded volume so far in the day stood at 5.4 times its monthly average.
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