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RPP Infra Secures Water Supply Contract in Chennai Worth ₹81 Crore

Written by: Team Angel OneUpdated on: Mar 6, 2025, 2:38 PM IST
In Chennai, RPP Infra Projects Ltd. secures a water supply contract worth ₹81 crores.
RPP Infra Secures Water Supply Contract in Chennai Worth ₹81 Crore
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RPP Infra Projects Limited, established in 1995, is an Indian company specialising in infrastructure development across various sectors, including roads, buildings, industrial structures, power, irrigation, and water management. 

Contract Details

RPP Infra has secured a Letter of Acceptance (LoA) for a substantial contract valued at ₹80.98 crore (inclusive of GST) from the Chennai Metropolitan Water Supply and Sewerage Board. The project, awarded under the Vada Chennai Valarchi Thittam initiative in Tamil Nadu, aims to enhance the region’s water supply infrastructure. 

The scope of work encompasses the construction of underground water storage tanks, the establishment of water distribution stations, the installation of feeder mains, and the replacement of ageing PVC water mains. Additionally, it includes the reinforcement of existing water infrastructure across multiple depots within Areas IV and V.

Scope of the Project

According to the company’s stock exchange filing, “RPP Infra Projects Ltd. has received a Letter of Acceptance for a new project focusing on the enhancement of water supply through the construction of underground tanks, water distribution stations, and the laying of feeder mains in Areas I and V. 

The contract also involves the replacement of obsolete PVC water mains, the renewal of checked-up pipelines, and the strengthening of various water mains in multiple depots across Areas IV and V under the Vada Chennai Valarchi Thittam in Tamil Nadu.”

Deadline of the Project

The contract encompasses stormwater drainage works within the Kovalam Basin (Package 16), financed through the KfW Fund, benefiting several streets in Zone 15 of the Greater Chennai Corporation. The project is slated for completion within 12 months.

This strategic contract underscores RPP Infra Projects’ expertise in delivering high-impact infrastructure solutions, reinforcing its commitment to sustainable urban development in India.

Share Price Performance 

At 9:37 AM on March 6, 2025, RPP Infra Projects Ltd shares hit 5% upper circuit and were trading at ₹138.09 per share on the NSE.

Conclusion

This project reinforces RPP Infra’s expertise in infrastructure development, contributing to sustainable urban growth in Chennai by enhancing water supply and drainage systems.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Mar 6, 2025, 2:38 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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