RPP Infra Projects Limited has announced the successful acquisition of a major contract worth ₹662.6 million. This significant contract win marks an important milestone for the infrastructure development company.

Contract Details

The company has secured this substantial order, which is expected to contribute meaningfully to its business operations and revenue stream.

Business Impact

This contract acquisition demonstrates RPP Infra Projects' ability to secure significant orders in the competitive infrastructure sector. The ₹662.6 million contract value represents a notable addition to the company's order book.

Company Background

RPP Infra Projects Limited operates in the infrastructure development sector, focusing on various projects and activities across different segments of the market. The company is classified under the Infrastructure Developers & Operators sector and falls in the Small Cap category.

RPP Infra Projects Limited has secured a significant railway infrastructure contract worth ₹66.26 crores from Indian Port Rail & Ropeway Corporation Limited (IPRCL). The company received the Letter of Acceptance (LoA) for the construction of a roofing shed at New Mangalore Port Authority's marshalling yard.

Project Details and Scope

The contract encompasses detailed engineering, procurement, and construction of a roofing shed for railway lines in the marshalling yard at New Mangalore Port Authority, Mangalore. IPRCL, a Government of India enterprise operating under the Ministry of Ports, Shipping & Waterways, awarded this project following a competitive bidding process.

Performance Security and Compliance Requirements

IPRCL has mandated specific performance security requirements for the project execution. The company must furnish performance security equivalent to 5% of the accepted contract amount within 28 days from the LoA issue date.

Project Timeline and Execution Schedule

The project follows a structured timeline with specific milestones for commencement and execution. The date of commencement is scheduled within seven days from the LoA issuance date, with resource mobilization and execution program submission required within the same timeframe.

Payment Structure and Milestones

IPRCL has established a comprehensive payment schedule based on project completion milestones, ensuring systematic fund disbursement throughout the project lifecycle.

Regulatory Compliance and Documentation

RPP Infra Projects Limited has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by informing both BSE and NSE about this material development. The company has committed to keeping stock exchanges informed of any further material developments regarding this project.

The contract represents a significant business development for RPP Infra Projects Limited, demonstrating the company's capability in railway infrastructure projects and its successful participation in government enterprise tenders. The structured payment schedule and defined completion timeline provide clear project execution parameters for the six-month construction period.