The company said that the work orders include a major order to construct Phase 2 of the Noodle Factory from its repeat client.

“With receipt of the above orders, the total order inflow for the financial year 2022-23 till date amounts to Rs 1,511.58 crore,” the company stated in the press release.

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 India.

The company's consolidated net profit rose 16.58% to Rs 29.04 crore on a 9.68% increase in sales to Rs 348.08 crore in Q1 FY23 over Q1 FY22.

Shares of PSP Projects were down 0.62% to Rs 638.35 on the BSE.