New Delhi, April 8 -- RDB Infrastructure share price hit the 5% upper circuit limit on Wednesday, April 8, following the company's announcement that, in partnership with Samvik Power Private Limited, it has received a Notice of Award for an industrial plot allocation in Nava Raipur Atal Nagar for the purpose of solar cell manufacturing.

This project encompasses around 36.46 acres of land, with a total premium amounting to Rs.36,89,77,192, which translates to Rs.2,501 per square meter. The land will be provided on a 90-year leasehold arrangement, with the lease rent undergoing revision every 30 years, and the lease contract is required to be signed within 90 days from the date of the award.

The land allocation is designed to facilitate s...