India's RPP Infra Projects rises on $18 mln order win

RPP Infra Projects

29/03/2023 05:02

** Shares of construction and engineering co RPP Infra
Projects Ltd  RPPI.NS  up as much as 5.2% at 40.80 rupees, their
biggest intraday pct gain in one week since March 23, 2023 
    ** Co on Tuesday, after market hours, said it received
letter of acceptance for a project worth 1.48 bln rupees ($18
mln) 
    ** Order for repair and construction work of old buildings
for reopening of old district jail in Bareilly, Uttar Pradesh,
to be completed by Oct. 31, 2024
    ** Over 32,000 shares change hands by 09:26 a.m. IST, 0.5x
the 30-day moving avg 
    ** As of last close, stock down 4.3% so far this year,
extending its 38.4% decline in 2022



($1 = 82.2650 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))