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.