The said project is to be completed within a period of 18 months.

With receipt of above order, the total order inflow for the financial year 2023-24 till date amounts to Rs 1,060.30 crore.

The company also informed that it has emerged as lowest bidder (L1 bidder) for the project 'development of Sabarmati riverfront’ for Ahmedabad Municipal Corporation at Ahmedabad, Gujarat ‘worth Rs 409.93 crore.

PSP Projects is a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects in the country.

The company's consolidated net profit soared 78.7% to Rs 38.52 crore on 72.1% jump in net sales to Rs 619.65 crore in Q2 FY24 over Q2 FY23.