PSP Projects moves up on receiving LoA of Rs 1491.34 crore
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PSP Projects is currently trading at Rs. 490.70, up by 12.50 points or 2.61% from its previous closing of Rs. 478.20 on the BSE.
The scrip opened at Rs. 500.00 and has touched a high and low of Rs. 505.00 and Rs. 488.60 respectively. So far 2898 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 506.00 on 08-Feb-2021 and a 52 week low of Rs. 233.80 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 505.00 and Rs. 467.45 respectively. The current market cap of the company is Rs. 1721.52 crore.
The promoters holding in the company stood at 74.19%, while Institutions and Non-Institutions held 6.68% and 19.13% respectively.
PSP Projects has received Letter of Acceptances (LoA) amounting to Rs. 1491.34 crore (excluding GST) for construction of medical colleges and hospitals at multiple locations at Uttar Pradesh. Additionally, the company has secured new work orders worth Rs 25.58 crore (excluding GST) for residential and institutional projects from various clients in Gujarat.
With receipt of the above, the total work orders received during financial year 2020-21 on standalone basis amounts to Rs 2436.86 crore (excluding GST) and the outstanding order book considering December books stands at Rs 4736.88 crore (excluding GST).
PSP Projects, the Ahmedabad-based firm is a multi-disciplinary construction firm and provides its services ranging from planning and design to construction and post-construction activities.
