SMALLCAP POWER TRANSMISSION & DISTRIBUTION COMPANY WINS LARGE ORDER FROM SAUDI ARABIA

RPG Group company

has secured a new order of Rs 1,064 crore for design, supply and installation of a 380 kV transmission line in Saudi Arabia. The consecutive order wins from Saudi Arabia as well as earlier order wins from the Middle East have substantially bolstered the company's international order book which has now crossed Rs 15,000 crore. is a global infrastructure engineering, procurement and construction (EPC) major with presence in 110-plus countries. The company is involved in verticals of power transmission & distribution, civil, transportation, renewables, oil & gas pipelines and cables & conductors. Having a market cap of Rs 22,740 crore, the stock price is currently trading at 4.25x of it's book value. Moreover, the company has been maintaining a healthy dividend payout of 33%.