Today, PSP Projects jumped 4.54 per cent to Rs 613.05 after the company said that contracts worth Rs 247.35 crore has awarded from the Precast and Government segments.
“With the receipt of the above, the total order inflow for the financial year 2022-23 till date amounts to Rs 1,344.24 crore,” the company said in a statement.
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PSP Projects is one of the multidisciplinary construction companies which offers a diversified range of construction across the allied service in government residential, industrial, institutional, and residential projects in India. On a consolidated basis, the net profit of the PSP project rose 16.58 per cent to Rs 29.04 crore on a 9.68 per cent increase in sales to Rs 348.08 crore in the first quarter of FY23 over the first quarter of FY22.
Earlier in the month of July, PSP Projects had secured new work orders worth Rs 257.27 crore. The PSP project has secured contract development of Ahmedabad Airport worth Rs 128.01 crore, pharmaceutical project worth Rs 98.99 crore respectively and remaining orders worth Rs 30.26 crore is from the precast segment. Hence the total work order received during the financial year 2023 till the date amounts to Rs 806.89 crore.
