RPP Infra Bags ₹5 Cr SIPCOT Order for Hard Rock Removal at Shoolagiri Industrial Park 

Synopsis: RPP Infra Projects Ltd has secured a new work order worth Rs. 5.13 crore from the State Industries Promotion Corporation of Tamil Nadu (SIPCOT). The project involves removal of retrieved hard rock materials at SIPCOT Industrial Park, Shoolagiri, and is scheduled to be completed within 12 months. The order further strengthens the company’s execution pipeline in the infrastructure and industrial development segment. 

RPP Infra Projects Ltd is an integrated infrastructure company engaged in construction activities across roads, buildings, irrigation, water management, power, and industrial infrastructure projects. The company has steadily expanded its presence through government contracts and industrial development projects across multiple states. The latest SIPCOT order highlights RPP Infra’s continued participation in industrial infrastructure development projects in Tamil Nadu. 

RPP Infra Projects currently commands a market capitalization of Rs. 359 crore. The stock is trading around Rs. 72.3 per share up by 2% compared to its previous close of Rs. 71 with a price-to-earnings (P/E) ratio of 9.62. The company has a book value of Rs. 112 per share, while ROCE and ROE stand at 20.1% and 13.9%, respectively. The stock also offers a dividend yield of 0.70%. 

RPP Infra Projects Ltd informed the exchanges that it has received a fresh work order from the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) for the removal of retrieved hard rock materials at SIPCOT Industrial Park located in Shoolagiri. 

The total value of the contract stands at Rs. 5.13 crore, excluding applicable GST. According to the company’s disclosure, the project has been awarded by a domestic entity and will be executed within 12 months from the date of handing over the site. 

As part of the agreement, the company is required to furnish a security deposit of Rs. 25.65 lakh, representing 5% of the contract value. The work order also specifies that RPP Infra must execute the agreement within the stipulated timeline and commence work soon after site handover. 

The project primarily involves removal and handling of hard rock materials at the industrial park site, which is a crucial activity for infrastructure preparation and industrial land development. Such projects play an important role in enabling future industrial and manufacturing expansion within the region. 

Industry Outlook 

India’s infrastructure sector continues to witness strong momentum supported by rising government spending and private investments. In the Union Budget 2025-26, capital expenditure for infrastructure was increased to Rs. 11.21 lakh crore, equivalent to 3.1% of GDP. According to CRISIL, India is expected to spend nearly Rs. 143 lakh crore on infrastructure through 2030, more than double the investment made during the previous seven years. 

India’s construction and infrastructure ecosystem is also benefiting from initiatives such as PM Gati Shakti, industrial corridor development, and state-led manufacturing expansion. Morgan Stanley projects India’s infrastructure investment to rise from 5.3% of GDP in FY24 to 6.5% by FY29. Rising investments in industrial parks, logistics hubs, roads, railways, and urban infrastructure are expected to create long-term growth opportunities for infrastructure development companies like RPP Infra Projects. 

RPP Infra Projects’ latest Rs. 5.13 crore SIPCOT order further strengthens its presence in industrial infrastructure and site development activities. The project reflects the growing opportunities emerging from India’s industrialization and infrastructure expansion initiatives. With strong government focus on manufacturing zones, industrial parks, logistics infrastructure, and large-scale capital expenditure, companies are involved in infrastructure execution.

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