PSP Projects was trading on a bullish note on Thursday after the company bagged two new orders. On Sensex, PSP Projects has touched an intraday high of Rs454.50 per piece - resulting in over 7% gain so far today.
At around 3.29 pm, PSP Projects was trading at Rs447 per piece up Rs23.10 or 5.45% on Sensex.
In its regulatory filing, PSP Projects announced on Wednesday that the company has received Letter of Intent (LOI) for a project worth Rs588.62cr (including GST) from a private developer at Ahmedabad, Gujarat.
Also, the company said it has been ranked the L1 bidder (Lowest Bidder) by a regulatory authority for projects totalling to Rs1249.41cr (including GST) for construction of medical colleges at multiple locations at Uttar Pradesh.
Taking into consideration the above-two orders, then PSP Projects has cumulatively bagged new orders worth Rs1,838.03cr.