RPP Infra Projects Ltd, a leading infrastructure construction company in India, has secured a new purchase order worth approximately Rs 154.43 crores including GST. The order involves the supply of factory-finished fabricated boiler structures for a project located in Koderma, Jharkhand. This development was disclosed to the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on May 17, 2025, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Letter of Acceptance (LOA) was officially received by RPP Infra Projects Ltd on May 16, 2025, from Bharat Heavy Electricals Limited (BHEL), which is undertaking the massive 2x800 MW Koderma Thermal Power Project in Jharkhand. The specific scope awarded to RPP Infra falls under PACKAGE-B, which entails the supply of factory-finished fabricated boiler structures, including columns (Box, Plus, Plus-I), bracings, wall beams, floor beams, trusses, and other structural elements. All components will be fabricated according to BHEL's input design, technical specifications, and Quality Work Instructions (QWIs).

The contract value of Rs 154.43 crore includes all applicable taxes and is expected to be executed over a span of 17 months. As per the declaration submitted under SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, this is a domestic contract, and there is no involvement of promoter groups or related party transactions.

Project Details and Specifications

The order was placed following a competitive tender process initiated by BHEL under tender number BHEL/CPC/KOD/BLR_FABSTR/25/083, issued on March 13, 2025, with multiple corrigenda leading up to April 4, 2025. RPP Infra’s bid (ID: 150064) was submitted on March 31, 2025, through the National Informatics Centre (NIC) E-procurement portal.

The purchase order (PO) was issued under reference number BHEL/CPC/KOD/BLR_FABSTR/25/083/PKG-B, dated May 16, 2025. The PO outlines all commercial, technical, and execution-related clauses in detail, including design scope, fabrication requirements, and delivery obligations up to the project site.

Financial Terms and Security

The total order price of Rs 130.87 crore (excluding GST) forms the base contract amount. The Performance Security Deposit mandated under the contract is Rs 6.54 crore, and an equivalent amount has been earmarked for retention, either to be furnished upfront or progressively deducted from the running account bills at 10% of each gross invoice.

The payment terms are defined in Chapter IV of the Technical Conditions of Contract (TCC), with references to multiple clarifications provided in corrigenda issued during the tender period. The final settlement of the total value will be based on the actual quantities executed at the site, evaluated against item-wise rates detailed in Annexure-I of the PO.

Execution Timeline

The execution schedule has been fixed in accordance with Clause 3.1 of Chapter III of the TCC, setting a strict timeline of 17 months from the issuance of the purchase order. During this period, RPP Infra will coordinate closely with BHEL’s Central Procurement Cell, headquartered in Noida, Uttar Pradesh.

This contract further strengthens RPP Infra’s order book and demonstrates its expertise in complex industrial and energy sector infrastructure, especially in delivering precision-fabricated components for power plant structures.

Regulatory Compliance and Transparency

RPP Infra has submitted a declaration in line with SEBI disclosure norms, confirming that:

• The order was awarded by BHEL, a central government undertaking.

• The project is purely domestic and has no foreign involvement.

• There is no promoter or related party involvement, ensuring arm’s-length business conduct.

The disclosure ensures transparency for shareholders and investors and supports RPP Infra’s commitment to corporate governance and regulatory compliance.

About RPP Infra Projects Ltd

Founded in 1995, RPP Infra Projects Ltd is a publicly listed infrastructure company with a robust track record in executing civil construction, power plant structures, roads, bridges, and irrigation projects across India and abroad. Headquartered in Erode, Tamil Nadu, the company operates with strong credentials and has been a recurring vendor for various government and public sector enterprises, including BHEL.

This new order win from BHEL marks another strategic milestone in the company’s growth trajectory, solidifying its standing in the boiler and heavy fabrication segment, which plays a critical role in the energy infrastructure landscape of India.

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