PSP Projects soars 9% on winning new projects worth Rs 422 crore

With the receipt of the above, the new LOIs/ WOs received during the financial year 2021-22 till date amounts to Rs 637.23 crore (excluding GST), the company said in a filing to the exchange.

Shares of PSP Projects were up 9 per cent to Rs 422 on the BSE in Monday’s intraday trade on the BSE, after the company announced the receipt of new projects worth around Rs 422 crore. The stock of realty company had hit a 52-week high of Rs 506 on February 8, 2021.

“The company is in receipt of letter of intent(s) (LO]) and work orders (WO) for new projects worth Rs 421.87 crore (excluding GST) towards institutional, industrial, residential and precast segments from various clients. With the receipt of the above, the new LOIs/ WOs received during the