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PSP Projects secure new work orders worth Rs257.27 crore; stock gains ~1%

With the receipt of above orders, the total work orders received during the financial year 2022-23 till date amounts to Rs806.89 crore.

July 26, 2022 11:03 IST | India Infoline News Service
PSP Projects Limited informed that the company received two new work orders worth Rs257.27 crore, exclusive of GST.

The work orders received include two work orders (WO) from repeat clients i.e., Development of Ahmedabad Airport in Institutional Segment and one Pharmaceutical Project in Industrial Segments worth Rs128.01 crore and Rs98.99 crore. Further, the company received remaining orders worth Rs30.26 crore from the Precast segment.

With the receipt of the above, the total work orders received during the financial year 2022-23 till date amounts to Rs806.89 crore.

Post this development, PSP Projects was trading at Rs653.30, up by 0.60% against the previous close of Rs649.40 on NSE. So far, it touched intraday high and low of Rs660 and Rs651.25 respectively.

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