PSP Projects said that it has emerged as the lowest bidder (L1 bidder) for one government residential project with a bid value of Rs 238.70 crore in Uttar Pradesh.
The announcement was made during market hours today, 12 October 2021.
PSP Projects is a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects in the country.
The company reported a consolidated net profit of Rs 24.81 crore in Q1 FY22 as against a net loss of Rs 2.53 crore in Q1 FY21. Net sales during the quarter surged 196.9% Y-o-Y to Rs 317.36 crore during the quarter.
The scrip shed 0.68% to currently trade at Rs 500.60 on the BSE.
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