PSP Projects receives LOA worth Rs357cr

PSP Projects receives LOA worth Rs357cr
PSP Projects informed the exchanges that the company is in receipt of LOA/work orders worth Rs357.90cr (excluding GST) for institutional, industrial, government, and government residential projects from various clients, which inter alia includes a major work awarded for development and beautification of Shri Kashi Vishwanath Dham at Varanasi, Uttar Pradesh, worth Rs339.00cr (excluding GST) and remaining from other clients. 

With receipt of the above, the total work orders received during the FY20 (till date) on standalone basis amounts to Rs1510.85cr (excluding GST).

Stock View:

PSP Projects Ltd is currently trading at Rs531 down by Rs0.35 or 0.07% from its previous closing of Rs531.35 on the BSE.

The scrip opened at Rs525.40 and has touched a high and low of Rs531.95 and Rs525.40 respectively. So far 11,291 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs1,910.16cr.

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