PSP Projects emerges as lowest bidder for Gujarat project worth Rs345.30 crore

14 Oct 2022 , 11:56 AM

PSP Projects Ltd stock gains on Friday market trading session after the intimation received by the company of emerging as Lowest (L1) Bidder.

In a regulatory filing, the company said, “Our company has emerged as Lowest Bidder (L1 Bidder) for a Government Project for development of World class Sustainable Tourist/Pilgrimage destination in Gujarat.”

Further, the bid value of the contract is worth Rs345.30 crore (excluding GST).

On Friday, at around 11:53 AM, PSP Projects Ltd is currently trading at Rs644.30 per share up by Rs8.15 or 1.28% from its previous closing of Rs636.15 per share on the BSE.

The scrip opened at Rs644.50 per share and has touched a high and low of Rs662 per share and Rs641.95 per share respectively so far today. The current market cap of the company is Rs2,290.14 crore.

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