PSP Projects Bags New Orders Worth INR17.6 Billion

MT Newswires Live02-28

PSP Projects (NSE:PSPPROJECT, BOM:540544) has secured orders worth 17.6 billion Indian rupees from seven different clients, according to a Friday filing to the Indian stock exchanges.

These include a 6.47 billion-rupee order for the city side development at Ahmedabad Airport, India, from Adani Airport Holdings, and a 4.12 billion-rupee order for the construction of Adani Medicity & Research Center at Ahmedabad from Vitthal Mandir.

The company also received an airside construction order and the landside development work at Ahmedabad Airport worth 2.23 billion rupees from the Ahmedabad International Airport.

With these new orders, the company's total order inflow for the financial year 2024-2025 has increased to 34.79 billion rupees.

The company has also emerged as the lowest bidder for a street development at Ahmedabad worth 1.21 billion rupees.

Shares of the company were down nearly 1% in recent trade.

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