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The company bagged an order for construction of Fintech Building for Gujrat International Finance Tec-City Company at GIFT City, Gandhinagar worth Rs 333.06 crore in Government Category. This project is to be completed within a period of 36 months.
With receipt of the above order, the total order inflow during the financial year 2023-24 till date amounts to Rs 3422.91 crore (including additional scope of work worth Rs 77 crore from the existing contracts).
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 declined 12.10% to Rs 31.08 crore despite a 40.90% jump in revenue to Rs 704.75 crore in Q3 FY24 over Q3 FY23.
The scrip fell 1.74% to currently trade at Rs 698.90 on the BSE.
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