PSP Projects Ltd emerges L1 for order worth Rs. 409.93 crores

PSP Projects Ltd has also emerged as Lowest Bidder (L1 Bidder) for the project "Development of Sabarmati Riverfront" for Ahmedabad Municipal Corporation at Ahmedabad, Gujarat worth INR 409.93 Crores (Excl. GST).

The company had announced receipt of Work Order worth INR 101.67 Crores (excl. GST) for domestic project "Construction and Maintenance of Main Building of GBRC" for Gujarat Biotechnology Research Centre (GBRC) at GIFT City Gandhinagar, Gujarat i.e. a domestic entity, in Government Category.

The contract is a lumpsum Contract having nature of Turnkey project. The project is to be completed within a period of 18 months and thereafter operation & maintenance work would be carried out for further period of 4 years.

With receipt of above orders, the total order inflow for the financial year 2023-24 till date amounts to INR 1060.30 Crores.

Shares of PSP Projects Limited was last trading in BSE at Rs. 768.95 as compared to the previous close of Rs. 779.15. The total number of shares traded during the day was 37995 in over 3468 trades.

The stock hit an intraday high of Rs. 785.05 and intraday low of 764.45. The net turnover during the day was Rs. 29285648.00.

Source : Equity Bulls

Keywords

PSPProjects INE488V01015 L1Bidder