
RPP Infra hits the roof after bagging contract worth Rs 366 crore from Rajasthan's PHED
The project involves "retrofitting work for providing water supply through functional household tap connections (FHTC) as per Jal Jeevan Mission (JJM) Guidelines."
This covers 202 main habitations and 355 other habitations within the Ajmer Rural, Arain, and Silora Blocks of Ajmer District, drawing water from the Bisalpur Dam System. The contract also includes 10 years of operation and maintenance (O&M).
RPP Infra Projects is the lead member in the RPP-BCC joint venture (JV), holding a 51% participating share in the same.
The project has to be executed within a period of 20 months.
RPP Infra Projects specializes in infrastructure development, including roads, buildings, industrial structures, power, and irrigation projects.
The companys consolidated net profit fell 14.3% to Rs 11.67 crore in Q4 FY25, compared to Rs 13.61 crore posted in Q4 FY24. Revenue from operations slipped 16.1% year-on-year to Rs 345.88 crore in the quarter ended 31 March 2025.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hans India
14 minutes ago
- Hans India
Hyderabad Investors Pour Rs 310 Cr into Tata Arbitrage Fund in 3 months as Market Volatility Shifts Strategy
Arbitrage Funds are gaining traction as an investment option amid equity market volatility, particularly for those seeking low risk investment opportunity. By capitalising on price differences between the cash and futures markets, these funds seek to perform better in turbulent conditions, giving fund managers greater scope for intra-month trading opportunities. "In the current environment, arbitrage funds are uniquely positioned to capture the potential benefits of market volatility while shielding investors from direct equity risks. Elevated roll spreads and sustained volatility have enabled arbitrage funds to deliver reasonable returns, even as traditional income avenues have become less attractive. For investors seeking equity tax returns, arbitrage funds offer a suitable proposition," said Sailesh Jain, Fund Manager, Tata Asset Management. According to data from the Association of Mutual Funds in India (AMFI), arbitrage funds attracted Rs 43,077 crore between April and June 2025, surpassing inflows into other hybrid and equity categories. This surge underscores investor preference for instruments that can deliver relatively reasonable returns while minimising equity risk during periods of heightened uncertainty. However, profit is not guaranteed. Reflecting the broader industry trend, the Tata Arbitrage Fund too, saw inflows of Rs 5,217 crore between April and June 2025, with Rs 310 crore coming from Hyderabad. The fund had assets under management of Rs 14,274 crore as of June 30, 2025. The environment is especially conducive for arbitrage strategies, as elevated volatility and strong roll spreads have opened potential return opportunities. The Reserve Bank of India's recent easing measures—cutting the repo rate by 50 basis points and the Cash Reserve Ratio by 100 basis points—has further boosted the appeal of arbitrage funds over traditional fixed income avenues. The upcoming corporate earnings and a positive monsoon outlook are also expected to lift market sentiment. As global and domestic uncertainties continue to cloud market outlook, arbitrage funds are a choice for investors to help them navigate choppy waters. With interest rates on a downward trend and savings account returns declining, traditional fixed-income options have become relatively less attractive in terms of returns. At the same time, factors such as the anticipated Indo-US trade deal, tariff negotiations, and ongoing geopolitical tensions are keeping the market volatility elevated. Although the US dollar index remains subdued for now, any spike in global risk aversion may trigger fresh market swings. In this backdrop, arbitrage funds seek to offer investors a low-risk way to capitalise on volatility without direct equity exposure.


Time of India
15 minutes ago
- Time of India
Rs 1 lakh salary not needed, even Rs 30,000 earners can easily be rich: CA shares financial advice to build wealth
A large paycheck is often equated with financial success, but Chartered Accountant Nitin Kaushik has offered a different perspective that questions this conventional view. According to him, earning Rs 1 lakh or more each month doesn't automatically translate into lasting wealth. What truly determines financial progress, he says, is not the income level, but the ability to manage and grow whatever income one has. Kaushik explained that people earning Rs 30,000 to Rs 50,000 monthly can still work towards meaningful financial goals if they adopt the right money practices. It's not about how much comes in, but how much stays — and what is done with it. Start Small, Stay Consistent Instead of focusing on high income alone, Kaushik stressed the importance of spending less than one earns and investing the remaining amount regularly. He encouraged individuals to begin investing even modest sums through tools like SIPs (Systematic Investment Plans). He said that even small contributions, when done consistently over a decade or more, can grow into significant sums due to the power of compounding. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Specialist Down Jackets for Ultralight Adventures Trek Kit India Learn More Kaushik emphasized patience, urging people not to seek overnight results. The focus should be on long-term consistency rather than chasing market highs or trying to time investments. — Finance_Bareek (@Finance_Bareek) Beware of Shortcuts and Risky Bets He also warned against common financial traps, particularly the temptation of high-risk options like cryptocurrency trading or frequent stock market speculation. Kaushik noted that many people end up losing more than they gain in their pursuit of quick returns. According to him, real wealth often grows quietly — through methodical steps rather than dramatic wins. He added that wealth built gradually, without shortcuts or reliance on inheritance, tends to be more stable and enduring. Discipline Over Glamour in Money Matters Kaushik's message concluded with a reminder that flashy purchases and unpredictable income boosts don't equate to financial security. Instead, it is the routine habit of saving and investing, month after month, that creates lasting wealth. He underscored the idea that in personal finance , consistency matters far more than charisma or shortcuts.


Time of India
17 minutes ago
- Time of India
Pact inked with two private companies to promote Madhubani painting, local arts
Patna: A memorandum of understanding (MoU) was signed by Bihar Skill Development Mission (BSDM) with two private companies to promote Madhubani painting and other local arts, during a function held on the occasion of World Youth Skills Day on Tuesday. Tired of too many ads? go ad free now State labour resources minister Santosh Kumar Singh also launched a centralised portal of the directorate of planning and training, and a QR code for skill competition registrations on the occasion, besides distributing offer letters, along with the department secretary, among the youths selected in the Mega Job Fair 2025, held from July 10-15. One Rohit Kumar Gupta of Nalanda received a job in Japan with the highest annual package of Rs 24 lakh. Minister Singh said that in this era, World Youth Skills Day has become a symbol of youth's self-reliance and identity. "Centres of Excellence, ITI institutes and Kushal Yuva Programme are proving to be milestones in this direction. There is a need to increase investment in industry-based training, agriculture and food processing sectors in Bihar. Our govt is providing training and employment opportunities with stipends to youth through 'Mukhyamantri Pratigya Yojana' and 'Prime Minister Internship Scheme'," he said. Secretary Deepak Anand stated the importance of artificial intelligence (AI) and digital skills in the modern times."Technology and AI are no longer just a specialised field but have become a part of every business, service and industry. In such a scenario, it becomes imperative that our youth are equipped not only with traditional education but also with modern, market-oriented and digital skills. Today's era is that of Industry 4.0, where traditional training has been replaced by advanced technical subjects like AI, machine learning, cloud computing, data analytics and digital marketing," he said.