PSP Projects Limited, a leading construction and infrastructure company, has announced that it has received work orders worth INR 1764.12 crore (excluding taxes) across multiple projects. The work orders cover institutional and residential categories, including major developments at Ahmedabad Airport, Adani Medicity & Research Center, and Shantigram, Ahmedabad. Additionally, the company has emerged as the Lowest Bidder (L1 Bidder) for the Development of Streets at Ahmedabad, valued at INR 120.53 crore.

The work orders are distributed as follows:

1. City Side Development at Ahmedabad Airport – Valued at INR 647.22 crore, this project is awarded by Adani Airport Holdings Limited in the Institutional Category and is expected to be completed in 18 months.

2. Construction of Adani Medicity & Research Center at Ahmedabad – Worth INR 411.72 crore, this institutional project is commissioned by Vitthal Mandir and has a completion timeline of 24 months.

3. Construction of a Residential Project at Shantigram, Ahmedabad – This INR 139.93 crore project from Adani Realty is categorized under Residential Construction and will be completed in 22 months.

4. Design and Construction of Leadership Guest House at Shantigram, Ahmedabad – PSP Projects will build this INR 147.47 crore guest house for Adani Enterprises Limited under the Institutional Category, with an 18-month completion period.

5. Construction of Airside and Landside Development at Ahmedabad Airport – Valued at INR 223.47 crore, this work order is granted by Ahmedabad International Airport Limited and will be completed in 12 months.

6. Design and Construction of Training Centre at Shantigram, Ahmedabad – This project, worth INR 61.07 crore, is another institutional development for Adani Enterprises Limited, expected to be completed in 18 months.

7. Development of Vishram Gruh at Asarva Civil Hospital Campus, Ahmedabad – PSP Projects will develop this INR 51.00 crore residential facility for Sevadaan Arogya Foundation within 20 months.

The company has also secured smaller work orders/amendments worth INR 82.24 crore, taking the total new contract value to INR 1764.12 crore.

PSP Projects Emerges as L1 Bidder

In addition to these confirmed work orders, PSP Projects has emerged as the lowest bidder (L1) for the Development of Streets at Ahmedabad, with a project value of INR 120.53 crore (excluding taxes). If awarded, this will further increase the company's order book, reinforcing its market presence.

Strong Order Inflow for FY 2024-25

With the latest contracts, PSP Projects’ total order inflow for the financial year 2024-25 stands at INR 3478.58 crore, showcasing significant growth and expansion. The company continues to secure high-value projects, demonstrating its competitive strength in the infrastructure sector.

Compliance and Regulatory Assurance

PSP Projects has confirmed that none of the promoters, promoter group, or group companies have any interest in the entities awarding these contracts. The work orders do not fall under related party transactions, ensuring full compliance with SEBI regulations. Additionally, all work orders are from domestic entities and will be executed within India.

This significant achievement reaffirms PSP Projects Limited’s position as a key player in the construction and infrastructure industry. The company’s ability to consistently secure large-scale projects highlights its expertise, execution capability, and growing reputation in the sector.

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