PSP Projects surges 3% on new order worth Rs 607 crore

The total order book for the financial year 2019-20 (till date) on a standalone basis, now, amounts to Rs 762.65 crores

Stocks of PSP projects surged 3.38 per cent intra-day on the National Stock Exchange (NSE) on Thursday after the company announced receipt of work order worth Rs 607 crore.
 

The order is for institutional and residential projects, including a major project of Rs 601.40 crores for construction of flat type high rise buildings-cum-commercial units for economically weaker section (EWS). the projects are for Bhiwandi (Maharashtra) region.
 

“With receipt of above, the order book for the financial year 2019-20 (till date) on a standalone basis amounts to Rs 762.65 crores,” the company said in its BSE filing.
 

At 11:55 am, the stock of the engineering and construction major was trading at Rs 531.5 apiece, up 1.64 per cent. In comparison, the NSE was trading 0.38 per cent higher at 11,736.