India's R.P.P Infra rises on $12.6 mln order win

RPP Infra Projects

04/01/2023 07:34

** Shares of construction co R.P.P Infra Projects Ltd
 RPPI.NS  jump as much as 7% to 44.85 rupees, hitting their
highest level since Dec. 21
    ** RPPI on Wednesday said it won a new order worth 1.05 bln
rupees ($12.67 mln), receving an acceptance letter for a project
titled 'Ground Water Based Mini Piped Water Supply Scheme' at
West Bengal  
    ** Stock posts biggest intraday pct gain since Dec. 26, on
track for a fourth consecutive session of gains 
    ** Over 357,532 shares traded as of 12:44 pm IST, 2.9X the
30 day moving average
    ** Stock fell 25.3% in 2022
($1 = 82.8775 Indian rupees)
 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))