PSP Projects receives LOA for two projects worth Rs288.27cr; Stock rises over 1%

The total work orders received by the company during the financial year 2021-22 amounts to Rs925.49cr.

November 03, 2021 11:10 IST India Infoline News Service

PSP Projects Limited informed the exchanges Tuesday that the company is in receipt of a Letter of Acceptance (LOA) for two projects viz one government project in Gujarat and another Government Residential project in Uttar Pradesh totaling Rs288.27cr (excluding GST) wherein the company had earlier emerged as the lowest bidder.

With the receipt of the above, the total work orders received by the company during the financial year 2021-22 (till date) amount to Rs925.49cr.

At around 11.12 am, PSP Projects Ltd was trading at Rs530.60 per piece up by Rs7.1 or 1.36% from its previous closing of Rs523.50 per piece on the BSE.

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