PSP Projects gains on emerging as lowest bidder for Gujrat project

PSP Projects rose 1.94% to Rs 648.50 after the firm said that it has emerged as lowest (L1) bidder for a government project for development of world class sustainable tourist/pilgrimage destination in Gujarat with bid value worth Rs 345.30 crore.

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 in India.

The company's consolidated net profit rose 16.58% to Rs 29.04 crore on a 9.68% increase in sales to Rs 348.08 crore in Q1 FY23 over Q1 FY22.

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