Published On:December 9 2023
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PSP Projects Ltd Secures L1 Position for Rs. 409.93 Crores Order

PSP Projects Ltd has achieved another milestone by emerging as the Lowest Bidder (L1 Bidder) for the "Development of Sabarmati Riverfront" project for Ahmedabad Municipal Corporation in Ahmedabad, Gujarat. The project is valued at INR 409.93 Crores (excluding GST).

This follows the company's recent announcement of securing a Work Order worth INR 101.67 Crores (excluding GST) for the "Construction and Maintenance of Main Building of GBRC" project for Gujarat Biotechnology Research Centre (GBRC) at GIFT City, Gandhinagar, Gujarat, which is a domestic entity in the Government category.

The newly secured contract is a lumpsum contract of a turnkey nature, with a stipulated completion period of 18 months. Subsequently, the project will undergo operation and maintenance work for an additional period of 4 years.

The cumulative order inflow for PSP Projects Ltd in the financial year 2023-24, with the addition of these projects, now stands at a substantial INR 1060.30 Crores. These achievements underscore the company's continued success in securing significant projects and its strong position in the construction and infrastructure sector.

EQUITYBULLS





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