RPP Infra Projects Secures Rs. 38.32 Cr SIPCOT Contract in Tamil Nadu
Team Finance Saathi
15/Nov/2024

What's covered under the Article:
- RPP Infra awarded ₹38.32 Crore contract by SIPCOT for road and drain development at Mega Leather Park in Tamil Nadu.
- The project includes construction of RCC side drains, culverts, and street lights, with completion slated for 11 months.
- Security deposit of ₹56.78 lakh required, with work to commence within 15 days of receiving the site.
RPP Infra Projects Ltd has secured a significant new order worth ₹38.32 crores from the State Industries Promotion Corporation of Tamil Nadu (SIPCOT). The contract pertains to the formation of balance internal roads, along with the construction of RCC side drains, culverts, and the installation of street lights at the Mega Leather Park located in Panapakkam, Ranipet District, Tamil Nadu.
This project follows a formal letter of acceptance issued on November 14, 2024, and is expected to be completed within 11 months. The contract price, including 18% GST, amounts to ₹38,32,07,952. As part of the terms, RPP Infra is required to submit a security deposit of ₹56.78 lakh within 10 days of receiving the work order, with a demand draft or bank guarantee required for the due fulfillment of the contract.
The project is crucial for the development of infrastructure in one of Tamil Nadu's key industrial zones, Mega Leather Park, which is integral to the state's growing leather industry. The construction of internal roads, drainage systems, and street lighting will play a vital role in improving infrastructure and the overall environment of the park.
The new order from SIPCOT strengthens RPP Infra's portfolio in civil and infrastructure development projects, marking another milestone for the company in domestic infrastructure expansion. RPP Infra has been a leading name in the infrastructure development sector, and this project reflects its ongoing commitment to driving growth in Tamil Nadu's industrial and commercial sectors.
For this project, RPP Infra has been instructed to commence work within 15 days of receiving the site, and it is mandatory to execute a formal agreement before the start of construction. Additionally, the company is expected to take insurance for the contract value within 21 days and provide necessary compliance certificates related to EPF & MP Act, 1952.
This contract is a testament to RPP Infra’s expertise in managing large-scale infrastructure projects, especially in sectors crucial to regional economic development.
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