PSP Projects Shares in Focus on Winning ₹107 Crore Contract at GIFT City

PSP Projects Limited has received a significant civil construction contract, marking another addition to its expanding project portfolio. The newly awarded project reflects the company’s continued momentum in the institutional infrastructure space within India.

Work Order for BIFC-2 Building in GIFT City

The company has been awarded a work order by Brigade (Gujarat) Projects Private Limited for civil structure and finishing work on the BIFC-2 Building, located at GIFT City in Gandhinagar, Gujarat. The contract, valued at ₹107.10 crore (excluding GST), falls under the institutional category and is expected to be executed within 24 months.

This new development underlines PSP Projects’ growing footprint in Gujarat’s premium business and financial hub, reinforcing its role in smart urban infrastructure projects.

Full Regulatory Compliance and No Related Party Involvement

PSP Projects has formally confirmed that this order does not fall under related party transactions. Neither the promoters nor any entities from the promoter group hold an interest in the awarding company.

Additionally, the company stated that all work orders, including this one, are secured from domestic entities, ensuring compliance with SEBI’s disclosure norms and reinforcing corporate transparency.

Read More: Adani Infra Gets CCI Approval for PSP Projects Stake Purchase

PSP Projects Share Performance 

As of April 21, 2025, 9:30 AM, PSP Projects Share Price is trading at ₹636.65, reflecting a 0.07% surge from the previous closing price. Over the past month, the stock has surged by 0.49%.

Conclusion

By acquiring this major institutional project, PSP Projects continues to consolidate its presence in strategic infrastructure zones. The contract serves as both a testament to its execution capability and a step forward in India’s infrastructure growth story.

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