PSP Projects: Secures Prestigious New Residential Tower Project

Introduction

PSP Projects Limited, a premier player in the mid- and large-sized construction sector, continues to make strides by securing prestigious projects across India. Known for its timely delivery, superior quality, and the adoption of cutting-edge construction technologies, PSP Projects is a preferred choice in both industrial and residential construction.

New Order in GIFT City

In an exciting development, PSP Projects has received a work order worth Rs 269.55 crores for the construction of a high-rise residential tower named “SIBAN” at GIFT City, Gandhinagar. The project falls under the residential category and is expected to be completed within 31 months. This new project adds to the company’s already impressive portfolio, showcasing its capability to handle complex projects of scale.

Record Order Inflow in FY25

With this new order, PSP Projects’ total order inflow for the financial year 2024-25 has now reached a substantial Rs 1714.46 crores, further solidifying its position as a leader in the construction industry. The company’s consistent success in securing high-value contracts demonstrates its strong market presence and expertise in delivering complex projects on time and with the highest standards of quality.

Commitment to Transparency

PSP Projects has confirmed that none of its promoters, promoter groups, or group companies have any interest in the entities from which the order was received. Additionally, the order is classified as a domestic contract, ensuring that the project will be executed within India, reflecting the company’s commitment to maintaining transparency in its dealings.

Conclusion

PSP Projects continues to punch above its weight, securing landmark projects that demonstrate its ability to innovate and deliver at scale. The GIFT City project is yet another testament to the company’s growing influence in the residential construction sector. As PSP Projects keeps expanding its footprint, investors and stakeholders can expect even more exciting developments in the near future.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.