The project involves upgrading the Matheran–Neral–Kalamb road (SH-109) and the Lobhynchya–Fired–Pimpaloli–Neral road (MDR-104), spanning nearly 31 km in Karjat Taluka. A
ccording to the company’s filing, the order is to be executed within 12 months.\Ahead of the announcement, shares of RPP Infra Projects ended 5.3% higher at
₹148 on the NSE.
In recent days, the company also bagged a much larger ₹1,125.94 crore contract from Bharat Heavy Electricals Ltd (BHEL) for fabrication and supply of factory-finished structures across project sites in India, to be executed over 60 months.
Also Read: RPP Infra shares surge 20% after ₹1,126 crore order win from BHEL
That announcement had sent the stock soaring 20% to ₹157.76, hitting the upper circuit on the NSE.
