PSP Projects Limited | Stock Updates

Total order inflow for the FY24 stands at Rs 1,060.30 crores and some of the company’s famous work is Surat Diamond Bourse which is the world’s largest office building

About the order

PSP Projects Ltd, which is a construction company, bags another order today. The company in their regular filing reported that the company received a work order worth Rs 101.67 crores excluding GST for the project construction and maintenance of the main building of GBRC for Gujarat Biotechnology Research Centre (GBRC) at GIFT City Gandhinagar, Gujarat in Government Category. The project is to be completed within 18 months. With the receipt of the above orders, the total order inflow for the financial year 2023-24 till date amounts to Rs 1060.30 crores. The company also informed that they have emerged as the Lowest Bidder (L1 Bidder) for the project development of Sabarmati Riverfront for Ahmedabad Municipal Corporation at Ahmedabad, Gujarat worth Rs 409.93 crores excluding GST.

Stock Performance

In the last trading session, the stock closed at Rs 773.70. Today, it opened at Rs 773.90 and closed at Rs 779.15, up by 0.70%. Shares of the company have a 52-week high at Rs 846 while its 52-week low stands at Rs 636.10. The company currently boasts a market capitalization of approximately Rs 2,800 crore. Over the past one-year shares of the company have given returns of 21.38%.

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.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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On a roll: PSP Projects bags another order; details inside

As of December 31, 2023 company’s total order book stands at Rs 4,443 crore with 49 ongoing projects and Rs 2,626.61 crore order inflow during FY24.

About the Order
PSP Projects Limited, a prominent player in the construction industry has recently announced that the company is in receipt of new work order worth Rs 630.90 crore (excluding taxes) for the Construction of Gati Shakti Vishwavidhyalaya at Vadodara for Rail Vikas Nigam Limited in Government Category. The project is to be completed within 30 months.

The project awarded by Rail Vikas Nigam Limited and located in Vadodara, Gujarat involves the construction of Gati Shakti Vishwavidyalaya. This success positions PSP Projects Limited as a key contributor to the development of critical infrastructure in the region. With the receipt of the above order, the total order inflow during the financial year 2023-24 till date amounts to Rs 2626.61 crores and as of December 31, 2023 company’s total order book stands at Rs 4,443 crore with 49 ongoing projects.

Stock Performance
In the last trading session, the stock closed at Rs 715.25. Today it opened at Rs 725.95 and currently, it is trading at Rs 730.30, marking an increase of 2.10%. The company’s 52-week high stands at Rs 846, while its 52-week low stands at Rs 652.15. Currently, the company boasts a market capitalisation of approximately Rs 2,600 crore.

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.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.