PSP Projects receives new ordersPSPPROJECT - 769 Change: -9.85 (-1.26 %)
PSP Projects has been awarded with work orders worth Rs 167.35 crore (excluding GST) in industrial, precast and residential segments. The above includes major order to construct Phase 2 of the noodle factory from its repeat client.
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 1,511.6 crore post FY22, strengthening its overall order book further. Overall, the company has guided for agreegate inflows of Rs 2,500+ 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.