PSP Projects

Adani Infra, owned by a unit of Indian billionaire Gautam Adani's flagship Adani Enterprises, will purchase the shares from Prahladbhai S Patel, who leads PSP Projects and is its top shareholder

The uptick in PSP Projects share price came after the company announced that it has bagged an order worth Rs 270 crore from domestic entities.

Shares of PSP Projects, a civil construction firm jumped 5.10 per cent at Rs 708.90 per share on the BSE in Monday's intraday trade

PSP Projects stock fell as much as 4.27 per cent to hit an intraday low of Rs 656.20 per share

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The company added that India was one of its largest markets in the PSP business, contributing a share of around 48 per cent of its revenues

Timely implementation of market reforms is important to improve the financial viability of pumped storage hydro project (PSP) in the country, an Icra report said on Tuesday. The levellised tariff for pumped storage hydro projects in the base case, assuming a capital cost of Rs 6.5 crore per MW, is estimated at about Rs 5 per unit, and the landed tariff, including the cost of energy required for pumping, is estimated at Rs 9 per unit, said a statement in the Icra report. It explained that while the tariff competitiveness of the storage component for PSPs is modest, the PSPs benefit from a long economic life of 40 years with a very mature and indigenous technology available. PSPs are also estimated to remain cost competitive against the storage cost associated with battery energy storage. "Nonetheless, the timely implementation of market reform measures as highlighted in the guidelines remains important to improve the financial viability of PSPs," stated Girishkumar Kadam, Senior Vic

The Greenko Group, one of India's leading energy transition companies, will invest Rs 10,000 crores in a Pumped Storage Project (PSP) near Gandhi Sagar in Madhya Pradesh's Neemuch district

In the past one month, PSP Projects outperformed the market as shares surged 18 per cent, as against 3 per cent decline in the S&P BSE Sensex.

So far in the financial year 2022-23 (FY23), PSP received total orders worth of Rs 1,833.09 crore

Among individual stocks, the technical analyst from HDFC Securities recommends to buy Cochin Shipyard and PSP Projects.

The technical analyst from HDFC Securities says that support for the Nifty has risen to 17,777, and the index on the upside can rally to 18,350 - 18,600.

With receipt of the current order, the total order inflow for the financial year 2022-23 till date amounts to Rs 1,344.24 crore, the civil construction company said in an exchange filing.

In the past 11 trading days, the stock price of PSP Projects has zoomed 31 per cent after promoters bought shares from the open market.

With the receipt of the above, the new LOIs/ WOs received during the financial year 2021-22 till date amounts to Rs 637.23 crore (excluding GST), the company said in a filing to the exchange.

The recovery officer of Debt Recovery Tribunal (DRT) on Tuesday offloaded shares worth Rs 50 lakh of McDowell Holdings Ltd through an open market transaction

The company has received an additional work order worth Rs 236 crore (including GST) for an institutional project at Gujarat

August-end loan deadline brought GVK to negotiating table

The move led arbitral tribunal to vacate the order of injunction that had restrained Bidvest and ACSA from selling their shares to any third party, firm says in response to legal notice

The stock hit a new high of Rs 466, up 13% on BSE in intra-day trade.