RPP Infra Projects up 2% on Rs 97 crore order win in Bangladesh

RPP Infra Projects shares up 2.5 percent intraday Wednesday as it has gotten arrange worth Rs 97 crore.

The consortium of Siemens and RPP Infra Projects has won request from Power Grid Company of Bangladesh.

“We have gotten the request from Power Grid Company of Bangladesh (PGCB). The joint offer presented by Siemens and RPP Infra Projects to Power Grid Company of Bangladesh (PGCB) in regard of configuration, supply, erection, testing and dispatching of 230 KV and 132 KV substations on turnkey premise,” organization said in official statement.

The extent of the request for RPP Infra Projects will be in the common work with the share worth around Rs 97 crore.

Arul Sundaram, CMD of RPP Infra Projects said,” This is huge improvement for RPP Infra Projects to work with Siemens, India. This is resulting advancement in the correct heading for RPP Infra Projects to execute arranges in the International market.”

“The said consortium would give quality and will make better valuation for RPP Infra Projects shareholders,” he included.

At 10:44 hrs RPP Infra Projects was citing at Rs 282.50, up Rs 5.80, or 2.10 percent on the BSE.