PSP Projects wins order worth Rs. 607 crore in Maharashtra

Pratik Shastri
/ Categories: Trending, DSIJ News
PSP Projects wins order worth Rs. 607 crore in Maharashtra

The Gujarat-based construction company, PSP Projects, announced in a stock exchange filing that it won order worth Rs. 607 crore on Thursday.

 

The company notified that it has been awarded new work orders for institutional and residential projects from various clients. The total order includes Rs. 601.40 crore for construction of flats of High Rise Buildings cum Commercial units including on-site development with all infrastructure Services for Economical Weaker Section (EWS) scheme at Bhiwandi, Maharashtra and remaining from other clients. This is the second order that company won during the month of June. It had won order worth Rs. 155 crore earlier this month.

 

The total orders received during the current financial year on standalone basis amounts to Rs. 762.65 crore. This order can be considered very positive as this expands its presence in Maharashtra.

 

PSP Projects Limited operates as a construction company. The company offers industrial, institutional, government, and residential projects construction, as well as allied services including planning, designing, and post-construction activities.

 

The stock reacted positively to the news and touched intraday high of Rs. 537 per share on BSE. On Thursday, the stock closed at Rs. 520.40, down by 0.49 per cent on BSE.

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