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ICICI Direct Report
Incorporated in 2008 by Prahladbhai Patel, PSP Projects Ltd. is one of the prominent contractors offering a diversified range of construction and allied services. Its focus remains on industrial, institutional, government, government residential and residential projects.
Key triggers for future price performance:
PSP’s pre-qualification for public projects would rise to Rs 2,000 plus crore with the completion of the Surat Diamond Bourse project. Addition of big ticket sized project is expected to boost its overall order book position.
Strong focus by the government on affordable housing, smart cities mission and industrial corridors coupled with expected pick-up in private players’ capex may translate into robust inflows for PSP.
Diversification in select states offers a bigger opportunity pie.
Significant traction and orders for pre-cast facility is likely to bring incremental benefits and associated revenue.
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