PSP Projects rallies ~5% on bagging order worth Rs115.49 crore

12 Dec 2022 , 01:27 PM

PSP Projects Limited informed that the company has received orders worth Rs115.49 crore excluding GST) in Institutional and Industrial categories.

PSP Projects is a holistic construction company in India that provides a wide range of construction and allied services. It offers construction services throughout the value chain, from planning and design to construction and post-construction activities.

Meanwhile, the company announced on Friday that it had received a letter of intent (LoI) from Nila Spaces for the civil construction of a prestigious residential project called “VIDA” at GIFT City Gandhinagar in Gujarat. The project entails the civil construction of 3B+G+33 floors of high-rise residential towers totalling Rs121.51 crore.

At around 1.33 PM, PSP Projects was trading at Rs698.80 up by 4.96% from its previous closing of Rs665.80 on the BSE. The scrip touched intraday high and low of Rs718 and Rs666.50 respectively.

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