Infra Stock In Focus: RDB Infra Signs Rs 73 Cr Deal For Massive Howrah Project
Business
A significant business development has been announced by RDB Infrastructure and Power Limited, formerly known as RDB Realty & Infrastructure Limited. The company and M/s Primarc Projects Private Limited have signed a non-binding Letter of Intent (LoI) for the completion of sub and superstructure work for the projected “Primarc Aadvika” real estate project in Shibpur, Howrah, West Bengal.
The project has a sizable total development area of almost 5 lakh square feet and is situated at Premises Nos. 47 & 48/2, Rajnarayan Roy Chowdhury Ghat Road, Shibpur, Howrah – 711102. According to the declaration, the scope of work included the thorough construction of the proposed development’s superstructure and substructure, indicating a full-scale structural execution mandate for the company.
Excluding applicable taxes, the entire contract value is Rs 73 crore. This boosts the company’s construction order book and represents a significant domestic order victory. M/s Primarc Projects Private Limited, a domestic company, won the contract; it is not a linked party transaction. The company has also clarified that neither the promoter nor the promoter group has any interest in the awarding entity.
In terms of execution timeline, the project work is scheduled to commence within nine months from February 11, 2026, and is expected to be completed within 30 months from the date of commencement.
For RDB Infrastructure and Power Limited, this offers operational stability and revenue predictability. The declaration, which was submitted to The Calcutta Stock Exchange Limited (Scrip Code: 28393) and BSE Limited (Scrip Code: 533285), shows the company’s ongoing involvement in significant real estate and infrastructure projects. The Primarc Aadvika project, which has a construction mandate of Rs 73 crore and a development footprint of 5 lakh square feet, is a significant addition to the company’s project pipeline and strengthens its position in the West Bengal infrastructure and real estate market.
At 13:40 IST on February 26, 2026, the share price of RDB Infrastructure and Power Ltd (BOM: 533285) was Rs 46.05. Following the conversion of warrants at an issue price of Rs 40.50 per share, the company recently issued 56.25 lakh equity shares, raising around Rs 17.09 crore from M/s Sarwamangala Capital. The paid-up equity share capital rose to Rs 21,00,09,000 after this allocation, consisting of 21 crore shares at a price of Rs 1. In an effort to increase liquidity and broaden its investor base, the board authorized a proposal for a direct listing on the National Stock Exchange (NSE) on February 3, 2026.