PSP Projects announces disruption in business operations due to pandemic of Novel Corona virus

PSP Projects said it has adopted a "Work from Home" policy for its employees and further shut the operations at project sites until 14 April 2020.

The announcement was made after market hours yesterday, 1 April 2020.

The company further added that, in case the Central Government or the respective State Governments or respective Municipal authorities extend the date of closure or lock out in future, the company shall monitor the evolving situation and take appropriate precautionary measures as per regulatory guidance as might be required in the then prevailing circumstances.

The stock closed 0.90% higher at Rs 324.60 yesterday, 1 April 2020.

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. The company provides services across the construction value chain, ranging from planning and design to construction and post-construction activities to private and public sector enterprises.

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