PSP Projects inches up on emerging as lowest bidder for Gujarat project
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PSP Projects is currently trading at Rs. 739.15, up by 0.70 points or 0.09% from its previous closing of Rs. 738.45 on the BSE.
The scrip opened at Rs. 745.00 and has touched a high and low of Rs. 745.00 and Rs. 721.05 respectively. So far 10708 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. 652.15 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 764.00 and Rs. 721.05 respectively. The current market cap of the company is Rs. 2660.94 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 emerged as Lowest (L1) Bidder in the Project ‘Construction of Gati Shakti Vishwavidyalaya’ for Rail Vikas Nigam at Vadodara, Gujarat worth Rs 630.90 crore (excluding GST).
With receipt of above, the total value of projects for which the company stand as Lowest Bidder amounts to Rs 1853.37 crore for the financial year 2023-24, which is in addition to the work orders received till date amounting to Rs 1060.30 crore for the financial year 2023-24.
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.
