Rs 4,898 crore order book: This construction stock bags new order for a mega dairy plant project worth Rs 444.63 crore in Gujarat!
Recently, the company emerged as the lowest bidder for a massive Rs 630.90 crore project to construct Gati Shakti Vishwavidyalaya in Vadodara.
PSP Projects is riding a wave of success in the construction industry. The company has secured a staggering Rs 444.63 crore project for a dairy plant in Gujarat, making their total bids won for FY24 a remarkable Rs 2,298 crore. This, coupled with Rs 1,060.30 crore worth of work orders already received, solidifies their position as a leading player.
This marks the company’s expertise in handling large-scale infrastructure projects shines again with their recent win as the lowest bidder for the prestigious Rs 630.90 crore Gati Shakti Vishwavidyalaya project, showcasing their commitment to national development initiatives.
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With a robust order pipeline and a proven track record, PSP Projects is poised for continued growth, promising to be a major player in shaping India's infrastructure landscape for years to come.
PSP Projects Limited reported a strong second quarter for FY24, with a net sales increase of 72.13 per cent to Rs 619.65 crore, compared to Rs 359.98 crore in the same quarter last year. The operating profit also experienced a significant increase of 71.66 per cent. The net profit for the quarter stood at Rs 38.48 crore, which was Rs 21.52 crore in the previous year's same quarter.
PSP Projects Limited is a construction company that offers a diversified range of construction and allied services across industrial, institutional, government, and residential projects in India. The company has an order book worth Rs 4,898 crore.
The stock has shown impressive growth, and investors should keep a close eye on this stock.
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