PSP Projects bags another order; details inside

About the MoU: 

PSP Projects Limited, a prominent player in the construction industry has recently announced its successful bid as the Lowest (L1) Bidder for the construction of the Gati Shakti Vishwavidyalaya project. This significant achievement adds to the company’s growing portfolio and reinforces its position in the infrastructure development sector.

The project awarded by Rail Vikas Nigam Limited and located in Vadodara, Gujarat involves the construction of Gati Shakti Vishwavidyalaya. The total estimated worth of the project is Rs 630.90 crores excluding GST. This success positions PSP Projects Limited as a key contributor to the development of critical infrastructure in the region. PSP Projects Limited has not only secured the Gati Shakti Vishwavidyalaya project but has also emerged as the Lowest Bidder for projects with a cumulative value of Rs 1,853.37 crores for the financial year 2023-24. In addition to this, the company has already received work orders totalling Rs 1,060.30 crores for the same fiscal year.

Stock Performance:

In the last trading session, the stock closed at Rs 742.40. Today, it opened at Rs 740 and closed at Rs 738.45, marking a decrease of 0.53%. the company’s 52-week high stands at Rs 846, while its 52-week low stands at Rs 652.15.

About the company

PSP Projects is a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects in India. They provide their services across the construction value chain, ranging from planning and design to construction and post-construction activities to private and public sector enterprises. Historically, they have focused on projects in the Gujarat region. They have completed and continue to undertake construction projects in this region. More recently, they have geographically diversified their portfolio of services and are undertaking or have bid for projects pan India.

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