PSP Projects surges on bagging multiple orders in Gujarat
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PSP Projects is currently trading at Rs. 738.00, up by 17.35 points or 2.41% from its previous closing of Rs. 720.65 on the BSE.
The scrip opened at Rs. 739.00 and has touched a high and low of Rs. 746.65 and Rs. 731.25 respectively. So far 3989 shares were traded on the counter.
The BSE group 'A' 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. 563.00 on 31-Oct-2022.
Last one week high and low of the scrip stood at Rs. 756.40 and Rs. 686.55 respectively. The current market cap of the company is Rs. 2685.42 crore.
The promoters holding in the company stood at 66.22%, while Institutions and Non-Institutions held 9.59% and 24.19% respectively.
PSP Projects has received addition of scope of work for Construction of Chocolate Plant (Phase III) for a Multi-National Company in Sanand, Ahmedabad with the revised order value worth Rs 266.56 crore (excluding GST) from earlier Rs 200 crore (excluding GST) in Institutional Category. The project is to be completed within a period of 19 months.
The company received order for construction of Commercial Complex viz. OVD_14 Commercial Tower in GIFT City, Ahmedabad worth Rs 57.33 crore (excluding GST) from Ozone Viswanath Developers in Institutional Category. The project is to be completed within a period of 22 months.
Besides, it bagged order for development of Kalamkhus Campus worth Rs 24.81 crore in Ahmedabad for Ahmedabad Municipal Corporation in Government category. The project is to be completed within 18 months. With receipt of above orders, the total order inflow for the financial year 2023-24 till date amounts to Rs 958.63 crore.
It has also emerged as Lowest Bidder (L1 Bidder) for the project ‘Construction of Main Building’ for Gujarat Biotechnology Research Centre (GBRC) at Gandhinagar worth Rs 101.67 crore.
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.
