India's RPP Infra Projects surges on $18.2 mln order win

RPP Infra Projects

24/06/2024 08:03

** Shares of RPP Infra Projects  RPPI.NS  rise as much as
18.6% to 154 rupees, currently up 16%
    ** Construction firm wins order worth 1.52 bln rupees 
($18.2 mln) for constructing 1026-capacity district jail in
Uttar Pradesh state
    ** Project expected to be executed in 18 months - RPPI 
    ** Stock on track for a third straight session if current
trends hold 
    ** More than 1.2 mln shares traded by 12:27 p.m. IST, 17.9x
their 30-day avg; busiest day yet since July 18, 2023 
    ** Including session's gain, stock up 30.7% YTD


($1 = 83.5100 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))