PSP Projects gains on bagging work orders worth Rs 410.06 crore
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
PSP Projects is currently trading at Rs. 651.40, up by 7.70 points or 1.20% from its previous closing of Rs. 643.70 on the BSE.
The scrip opened at Rs. 659.10 and has touched a high and low of Rs. 659.95 and Rs. 637.00 respectively. So far 1241 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 846.00 on 23-Aug-2023 and a 52 week low of Rs. 637.00 on 12-Mar-2024.
Last one week high and low of the scrip stood at Rs. 687.15 and Rs. 637.75 respectively. The current market cap of the company is Rs. 2317.32 crore.
The promoters holding in the company stood at 66.22%, while Institutions and Non-Institutions held 8.31% and 25.47% respectively.
PSP Projects has received new work orders worth Rs 410.06 crore (excluding taxes). The order is for ‘Construction of Fintech Building' for Gujrat International Finance Tec-City Company at GIFT City, Gandhinagar worth Rs 333.06 crore (excluding taxes) in Government Category. The project is to be completed within a period of 36 months.
With receipt of the above order, the total order inflow during the financial year 2023-24 till date amounts to Rs 3422.91 crore. (This includes additional scope of work worth Rs 77 crore from the existing contracts).
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.
