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.
| Parameter |
Details |
| Contract Value |
₹66,25,85,000 |
| Project Location |
New Mangalore Port Authority, Mangalore |
| Completion Period |
6 months from commencement |
| Awarding Authority |
Indian Port Rail & Ropeway Corporation Limited |
| Project Type |
Railway Infrastructure - Roofing Shed Construction |
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.
| Security Requirement |
Amount/Details |
| Performance Security |
₹3,31,29,250 (5% of contract value) |
| Submission Timeline |
Within 28 days of LoA |
| Validity Period |
6 months + 28 days + 12 months defect notification |
| Contract Signing |
Within 28 days after LoA issue |
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.
| Milestone |
Description |
Payment % |
Cumulative % |
| KT1 |
Detailed Engineering Works Completion |
5.00% |
5.00% |
| KT2 |
Foundation and Plinth Level Work |
15.00% |
20.00% |
| KT4 |
Structural Members and Roofing with Cladding |
35.00% |
70.00% |
| KT5 |
Drainage, Rainwater Drain, Electrical Work |
20.00% |
90.00% |
| KT6 |
Complete Work Completion (100%) |
10.00% |
100.00% |
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.
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