PSP Projects secures new order worth Rs154.89 crore

7 Jun 2022 , 11:24 AM

PSP Projects Limited informed that the company has received new work orders worth Rs154.89 crore (excluding GST).

The project received is in Institutional, residential and precast Segment.

With the receipt of said order, the total work orders received during the financial year 2022-23 till date amounts to Rs549.62 crore.

Further, the company also stated that it has emerged as the Lowest Bidder (L1 Bidder) for a Government Medical College and hospital in Gujarat having a bid value of Rs615.18 crore.

Prior to this, the company also secured an order worth Rs212.34 crore in February 2022.

PSP Projects is a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential, and residential projects in India.

The company’s consolidated net profit jumped 32.30% at Rs55.22 crore on a 10.77% increase in Sales to Rs554.65 crore in Q4FY22 against Q4FY21.

PSP Projects is currently trading at Rs532.90 down by Rs6.75 or 1.25% from its previous closing of Rs539.65 on the BSE. The scrip opened at Rs542.95 and has touched intraday high and low of Rs544.05 and Rs530.30 respectively.