RPP Infra Projects wins orders worth Rs30 crore in Tamil Nadu
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RPP Infra Projects Ltd Stock News, Analyst Calls And Reviews
Chief Operating Officer of RPP Infra Projects Ltd, Mr. M.K. Sivabal said that the company is eyeing to bag a power project construction agreement in Indonesia by the end of this month or early April.
During the month of July, the company had announced that it came forth as the favorite bidder to set up a 50 MW coal-based power project in the south east Asian country.
The company has joined hands with Indonesia's Truba Alam Manunggal Engineering and India's KSK Energy Ventures to place a bid for the said project.
The Rs 400 crore project will be constructed on a design-build-finance-operate-transfer model.
"We have lined up a couple of banks (for the debt), but are yet to freeze the funding," Mr. Sivabal said.
The deal, if gained, would be RPP Infra's first in Indonesia.
The company, which has a presence in building and infrastructure segments in Sri Lanka and African nation of Gabon, is also eyeing to make entry in Ivory Coast.
"We have put up an office there in Ivory Coast ... it's all to focus on building up of order book," Mr. M.K. Sivabal said.
The company had revenue of Rs 210 crore at the end of fiscal year 2010/11.
The stock looks good for medium or long term investment.
The investors can buy the stock on declines.
RPP Infra Projects wins orders worth Rs30 crore in Tamil Nadu
RPP Infra registers marginal growth in Q3 FY12 net to Rs 5.27 crore
