VADODARA - PSP Projects Limited has been announced as the lowest (L1) bidder for a major educational infrastructure project, the Gati Shakti Vishwavidyalaya in Vadodara, with a competitive bid of ₹630.9 crores ($1 = ₹83.17). This significant bid contributes to the company's robust financial year, with their total bids for the fiscal year 2023-24 now amounting to ₹1,853.37 crores. Furthermore, the firm has successfully secured work orders totaling ₹1,060.30 crores.
Despite this positive development, PSP Projects' stock experienced a marginal dip. Today, shares closed at ₹738.45, reflecting a slight decrease of 0.53%.
PSP Projects' engagement in the Gati Shakti Vishwavidyalaya project underscores its active participation in India's educational sector's expansion. The project win adds to the company's portfolio, indicating a solid track record of securing significant contracts and underlining its competitive edge in the infrastructure domain.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.