News: PSP Projects has been awarded contracts worth Rs 247.4 crore from precast and government segments.
View: As on June 30, 2022, PSP Projects' order book was healthy at Rs 4,613 crore (2.4x book to TTM revenues). Additionally, the company has secured orders worth ~Rs 1,344 crore post FY22, strengthening its overall order book further. Overall, the company has guided for aggregate inflows of Rs 2,200+ crore in FY23E (vs. Rs 1,802 crore of projects secured in FY22). With better opportunities coming from both - government and private clients, its expansion into different states and improved eligibility of higher-ticket size projects, the company is likely to achieve the targeted inflows.
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