Today, the PSP project announced that it had been awarded work orders worth Rs 167.35 crore in industrial, precast and residential segments. Also, the work order includes a huge order to construct PhaseII of the Noodle Factory from its repeat client. The total inflow order for the current financial year 22-23 till date amounts to Rs 1,511.58 crore, media reported.
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PSP Projects is a multidisciplinary construction company offering a diversified range of construction and allied services, including industrial government, government residential, institutional government and residential projects in India.
On a consolidated basis, the net profit rose 16.58 per cent to Rs 29.04 crore; net sales increased by 9.68 per cent to Rs 348.08 crore in the first quarter of FY23 as compared to the first quarter of FY22. PSP project’s shares fell by 0.62 per cent to Rs 638.35 on the Bombay Stock Exchange (BSE).
On 26 July, PSP Projects secured new work orders worth Rs 257.27 crore, including two work orders from repeat clients. The company has secured contract development of Ahmedabad Airport worth Rs 128.01 crore, project worth Rs 98.99 crore respectively and remaining orders worth Rs 30.26 crore are from the precast segment. During the financial year 2023, the work order received amounted to Rs 806.89 crore.
