RPP Infra Bags Two Contracts Worth Rs 728 Million

RPP Infra Bags Two Contracts Worth Rs 728 Million

Chennai: Infrastructure firm RPP Infra Projects has bagged two contracts from Chennai Corporation worth Rs 728 million (Rs 72.8 crore) for developing storm water drain projects.

The contracts are for Tamil Nadu Sustainable Urban Development Project-Integrated Storm Water Drain funded by World Bank for constructing storm water drain in Cooum watershed in Cooum basin for Rs 395 million, while the second project is for Rs 333 million, a company statement said.

The tenure of the project is 24 months, it said.

"We are happy that the revenues and profit of our company will touch new heights in the coming years", RPP Infra Projects, chairman and managing director, Arul Sundaram said.

The company had recently signed Memorandum of Understanding (MoU) with Chinese state-owned construction company Hunan Engineering Construction Group, it said.