PSP Projects Secures Work Orders Valued at Over Rs 349 Crore

31 Oct 2023 , 01:50 PM

PSP Projects’ shares rose by 1.5 % in early trading on October 31, reaching Rs 731.25 on the BSE. The company expanded its scope of work for the construction of a chocolate plant (Phase III) in Sanand, Ahmedabad, for a multi-national company. The order’s revised value is now Rs 266.56 crore, up from the initial Rs 200 crore in the institutional category. The project is expected to be completed within 19 months.

PSP Projects also secured an order for the construction of the OVD_14 Commercial Tower in GIFT City, Ahmedabad, valued at Rs 57.33 crore from Ozone Viswanath Developers in the institutional category. This project has a completion timeframe of 22 months.

Another order involves the development of the Kalamkhus Campus in Ahmedabad, worth Rs 24.81 crore, for the local civic body in the government category. This project is set to be finished within 18 months.

The cumulative order inflow for the financial year 2023-24 has now reached Rs 958.63 crore for PSP Projects. The company has also emerged as the lowest bidder for constructing the main building for the Gujarat Biotechnology Research Centre (GBRC) in Gandhinagar, with a contract value of Rs 101.67 crore.

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