RPP Infra secured a ₹1,126 crore order from BHEL for fabrication and supply of structures across India, sending shares up 20% to hit the upper circuit.RPP Infra Projects Ltd has been awarded a ₹1,125.94 crore contract by Bharat Heavy Electricals Ltd (BHEL) for the fabrication and supply of factory-finished structures to various project sites across India.
The order, awarded through a letter of award dated 29 August, is to be executed within 60 months.
According to the company, the deal marks a significant milestone in its growth strategy and underscores the trust BHEL has placed in its ability to deliver large-scale, complex projects.
RPP Infra said the contract will not only enhance its operational capabilities but also open up opportunities to bid for similar projects across public and private sectors.
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The scope includes establishing a state-of-the-art fabrication shop and supplying high-quality factory-finished steel structures for BHEL's nationwide projects. RPP Infra described the order as a benchmark that strengthens its position in India's engineering and manufacturing sector.
Post announcement, shares of RPP Infra Projects Ltd surged 20% to ₹157.76 on the NSE, hitting the upper circuit.