Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessMarkets

PSP Projects climbs 3% on bagging institutional, residential projects

With this, the total work orders received during the financial year 2019-20 (till date) on standalone basis amounts to Rs 762.65 crore

June 20, 2019 / 12:22 PM IST
Representative image

Representative image

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

PSP Projects shares rallied 3 percent intraday on June 20 after bagging big institutional and residential projects.

The stock was one of the biggest gainers in the last six months, rising 40 percent. It was quoting at Rs 537, up Rs 14.05, or 2.69 percent on the BSE at 1152 hours IST.

The infrastructure company informed exchanges that the company received new work orders worth Rs 607.04 crore (excluding GST) for institutional and residential projects from various clients.

PSP said the order includes a major project of Rs 601.40 crore for construction of flat type high rise buildings cum commercial units including on-site development with all infrastructure services for economical weaker section (EWS) scheme at Bhiwandi, Maharashtra and remaining from other clients.

With this, the total work orders received during the financial year 2019-20 (till date) on standalone basis amounts to Rs 762.65 crore.

Moneycontrol News
first published: Jun 20, 2019 12:22 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347