Ahmedabad, February 28, 2025: PSP Projects Limited (BSE: 540544, NSE: PSPPROJECT) today announced it has secured new work orders and letters of intent (LOI) totaling INR 1,764.12 crores (excluding taxes). This significant achievement elevates the company's total order inflow for the financial year 2024-25 to INR 3,478.58 crores.
Key Order Highlights:
| Project Name | Client | Value (INR Crores, excl. GST) | Duration |
|---|---|---|---|
| City side Development at Ahmedabad Airport | Adani Airport Holdings Limited | 647.22 | 18 months |
| Construction of Adani Medicity & Research Center | Vitthal Mandir | 411.72 | 24 months |
| Residential Project at Shatigram, Ahmedabad | Adani Realty | 139.93 | 22 months |
| Leadership Guest House at Shatigram, Ahmedabad | Adani Enterprises Limited | 147.47 | 18 months |
| Airside and Landside Development at Ahmedabad Airport | Ahmedabad International Airport Ltd | 223.47 | 12 months |
| Training Centre at Shantigram, Ahmedabad | Adani Enterprises Limited | 61.07 | 18 months |
| Vishram Gruh at Asarva Civil Hospital Campus, Ahmedabad | Sevadaan Arogya Foundation | 51.00 | 20 months |
Additionally, PSP Projects has emerged as the lowest bidder (L1 bidder) for a street development project in Ahmedabad, which is valued at INR 120.53 crores.
The company clarified that none of these orders involve related party transactions and confirmed that all projects will be executed domestically within India.
This substantial order inflow underscores PSP Projects' growing market presence, particularly within infrastructure, residential, and institutional construction segments. The recent orders also demonstrate the company's robust capabilities and competitive positioning in Gujarat's rapidly expanding infrastructure sector.