PSP Projects Ltd receives LOI for Rs. 588.62 crores project

PSP Projects Ltd has received Letter of Intent (LOI) for a project worth Rs. 588.62 crores (including GST) from a private developer at Ahmedabad, Gujarat.

The company has been ranked the L1 bidder (Lowest Bidder) by a regulatory authority for projects totalling to Rs. 1249.41 crores (including GST) for construction of medical colleges at multiple locations at Uttar Pradesh.

Shares of PSP Projects Ltd was last trading in BSE at Rs.427.25 as compared to the previous close of Rs. 422.15. The total number of shares traded during the day was 33895 in over 481 trades.

The stock hit an intraday high of Rs. 430 and intraday low of 412.3. The net turnover during the day was Rs. 14267883.

Source : Equity Bulls

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