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Gujarat

PSP Projects benefits from being the lowest bidder for the Gujarat project

by TLAteam October 14, 2022October 14, 2022
written by TLAteam October 14, 2022October 14, 2022
PSP Projects benefits from being the lowest bidder for the Gujarat project

PSP Projects rose 1.94% to Rs 648.50 after the company announced that it was the lowest (L1) bidder for a government project to develop a world-class sustainable tourist/pilgrimage destination in Gujarat, with a bid value of Rs 345.30 crore.

PSP Projects is an Indian multidisciplinary construction firm that provides a wide range of construction and allied services for industrial, institutional, government, government residential, and residential projects.

In Q1 FY23, the company’s consolidated net profit increased 16.58% to Rs 29.04 crore on sales that increased 9.68% to Rs 348.08 crore from Q1 FY22.

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