PSP Projects Share News - Latest Updates, Live News & More

Latest news about PSP Projects

PSP Projects Limited Receives ESG Rating of 66.9 (Grade B) from SES ESG Research 1 day ago Yesterday

PSP Projects Limited has been assigned an ESG rating of 66.9 (Grade B) by SES ESG Research Pvt. Ltd. for 2025, indicating medium risk. The rating was prepared independently without company engagement, based on publicly available data. The disclosure was made on January 27, 2026, in compliance with SEBI regulations and is available on the company's website.

PSP Projects Limited Schedules Q3FY26 Earnings Conference Call for January 30, 2026 5 days ago

PSP Projects Limited Completes Postal Ballot with 99.13% Approval for New Auditor Appointment 9 days ago

PSP Projects Wins ₹61-Crore Arbitration Award from Bhiwandi Nizampur Municipal Corporation Jan 12, 2026

More news about PSP Projects

12Jan 26

PSP Projects Secures ₹614.40 Crore Contract from BNCMC

PSP Projects has won a significant ₹614.40 crore contract from BNCMC (Brihanmumbai Municipal Corporation), marking a major business achievement for the construction company. This substantial order strengthens PSP Projects' pipeline and demonstrates its competitive positioning in the municipal infrastructure segment. The contract from one of India's largest municipal corporations provides significant revenue visibility and showcases the company's capability to secure large-scale public sector projects.

12Jan 26

PSP Projects Secures ₹61.44 Crore Arbitration Award Against Bhiwandi Nizampur City Municipal Corporation

PSP Projects Limited has won a favorable arbitration award of ₹61,44,17,413.00 against Bhiwandi Nizampur City Municipal Corporation, with the Arbitral Tribunal concluding proceedings on January 11, 2026. The award includes accrued interest and requires payment within 60 days, with additional 11% annual interest applicable for delayed payments. The company confirmed no adverse financial impact from the proceedings.

09Jan 26

PSP Projects Limited Schedules Board Meeting for January 30, 2026 to Consider Q3FY26 Financial Results

PSP Projects Limited has scheduled its board meeting for January 30, 2026, to consider Q3FY26 unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The company has implemented a trading window closure from January 1 to February 2, 2026, for designated persons and immediate relatives. Investor and analyst calls will be conducted on the meeting date to discuss results and business outlook.

23Dec 25

PSP Projects Faces Short-Term Credit Rating Downgrade by CARE

CARE Ratings has downgraded PSP Projects Limited's short-term bank facilities rating from CARE A1+ to CARE A1, while reaffirming the long-term facilities rating at CARE A+ with a stable outlook. The rating action affects total bank facilities of ₹1,547.00 crores, with ₹155.00 crores of long-term facilities reaffirmed and ₹1,300.00 crores of long-term/short-term facilities downgraded.

19Dec 25

PSP Projects Receives New GST Penalty Order of ₹16.88 Lakh for FY 2021-22

PSP Projects Limited has received another GST penalty order of ₹16.88 lakh from Gujarat tax authorities for FY 2021-22, bringing the total penalty orders to two different financial years. The latest order alleges ineligible input tax credit claims on insurance claims under Section 17(5) of CGST/GGST Act. The company maintains there is no material impact and plans to file an appeal with the appellate authority.

15Dec 25

PSP Projects Seeks Shareholder Approval for New Auditor

PSP Projects Limited has issued a postal ballot notice to appoint M/s. G.K. Choksi & Co. as new Joint Statutory Auditors, replacing M/s. Prakash B. Sheth & Co. who resigned citing resource constraints. The proposed appointment is until AGM 2026, with a fee of ₹15.00 lakhs for Q3 & Q4 FY25-26, up from ₹8.25 lakhs previously. The increase is attributed to expected growth in operations and audit scope. The e-voting process will be facilitated by NSDL, with Mr. Chirag Shah appointed as the scrutinizer.

28Nov 25

PSP Projects Secures Massive Rs 5000 Crore Contract for Rest Houses Construction

PSP Projects, a construction sector company, has been awarded a contract to build over 100 rest houses, valued at up to Rs 5000 crore. This contract value significantly exceeds the company's current market capitalization of Rs 3600 crore by approximately Rs 1400 crore. The project represents a major business opportunity for PSP Projects, potentially leading to substantial revenue growth and an enhanced market position in the construction industry. However, the large scale of the project may also present operational and logistical challenges for the company.

05Nov 25

PSP Projects Shareholders Approve Special Rights for Adani Infra and Existing Promoters

PSP Projects Ltd. shareholders have approved changes to the Articles of Association, granting special rights to Adani Infra (India) Limited and existing promoters. Key changes include board composition and nomination rights based on shareholding percentages, committee representation, executive management position nominations, veto powers on specific matters, and information and inspection rights. The board will consist of 8 directors, with nomination rights tied to shareholding percentages. These amendments stem from agreements dated November 19, 2024, including a Share Purchase Agreement and a Shareholders' Agreement. The changes are set to take effect on August 5, 2025.

28Oct 25

PSP Projects Reports 20% Revenue Growth in Q2FY26, Order Book Surges to Rs 9,883 Crore

PSP Projects Limited posted robust Q2FY26 results with revenue reaching Rs 694.00 crore, a 20% YoY increase. The company's order book expanded to Rs 9,883.00 crore, up 51% YoY, with Adani Group projects comprising 56% of the total. EBITDA grew by 24% to Rs 48.00 crore, and net profit increased by 33% to Rs 15.00 crore. The company completed a world record concrete pour for the Vishv Umiya Dham Temple project. Management expects full-year revenue to reach around Rs 3,200.00 crore and anticipates the order book could grow to Rs 14,000.00-15,000.00 crore by March 2026.

17Oct 25

PSP Projects Reports 20% Revenue Growth in Q2FY26, Order Book Reaches ₹9,883 Crore

PSP Projects Limited reported strong Q2 FY 2025-26 results with net profit increasing 59% to ₹162.00 million and revenue rising 20% to ₹694.00 crore year-over-year. The company's order book grew 51% to ₹9,883.00 crore, with Adani projects comprising 56%. PSP Projects received order inflows of ₹3,185.00 crore and maintains a debt-equity ratio of 0.29 times. Adani Infra acquired a 34.41% stake in the company, becoming a promoter.

18Sept 25

PSP Projects Achieves Global Record: Pours 24,000 Cubic Meters of Concrete for World's Tallest Temple

PSP Projects Limited completed the world's largest raft foundation for a religious structure, pouring 24,000 cubic meters of concrete in 54 hours for the Vishv Umiya Dham temple in Ahmedabad. The feat, accomplished faster than the planned 72 hours, earned the company a place in the Golden Book of World Records. The operation involved 29 RMC plants, 280 transit mixers, 19 concrete pumps, and over 600 personnel. Adani Cements partnered as the official concrete supplier for this record-breaking pour.

07Aug 25

PSP Projects Reports Q1 Results: Labor Shortages Impact Performance, Expects Strong Order Inflow from Adani Group

PSP Projects faced a 16% YoY revenue decline to ₹513.00 crore in Q1 due to labor shortages. Net profit dropped to ₹0.13 crore from ₹34.00 crore last year. The company's order book grew 11% YoY to ₹6,514.00 crore. PSP is in talks with Adani Group for projects worth ₹7,000-8,000 crore, including residential, commercial, and institutional developments. Despite Q1 challenges, the company expects improved performance from Q2, with EBITDA margins returning to 8-9%. PSP aims for ₹4,500 crore future revenue, focusing on technological advancements to reduce labor dependency.

06Aug 25

PSP Projects Reports Q1 Slump; Adani Infra Acquires 34.41% Stake

PSP Projects Limited reported a significant decline in Q1 financial performance with revenue down 16% to Rs. 513.00 crores, EBITDA falling 67% to Rs. 24.00 crores, and net profit dropping to Rs. 0.13 crores. Adani Infra acquired a 34.41% stake in PSP Projects, becoming a joint promoter. Management changes include new appointments and role shifts. Despite challenges, the company maintains a robust order book of Rs. 6,514.00 crores and expects new order inflows of Rs. 7,000.00-8,000.00 crores from the Adani Group.

05Aug 25

Adani Infra Acquires 34.41% Stake in PSP Projects, Gains Joint Control

Adani Infra (India) Limited has acquired a 34.41% stake in PSP Projects Limited, gaining joint control alongside existing promoters. The acquisition involved a share purchase agreement for 23.09% stake from a promoter and a mandatory open offer for 11.32% from public shareholders. Key changes include Adani Infra becoming a promoter, board appointment of Mr. Kattunga Srinivasa Rao, Ms. Pooja P. Patel's transition from Whole-Time Director to CEO, and Mr. Prahaladbhai S Patel's new designation as Chairman and Managing Director. The company's Articles of Association will be amended subject to shareholder approval.

31Jul 25

PSP Projects Faces Challenges in Q1, Maintains Strong Order Book

PSP Projects Limited faced a difficult Q1 with revenue down 16% YoY to ₹513.00 crore and net profit nearly wiped out at ₹0.13 crore. The company attributed the weak performance to labor shortages and increased employee costs. Despite challenges, PSP Projects maintains a robust order book of ₹6,514.00 crore, up 11% YoY. Adani Infra's acquisition of a stake in the company is expected to bring more orders and strengthen PSP's position in the infrastructure sector.

30Jul 25

PSP Projects Reports 16% Revenue Decline in Q1, Revises Investor Presentation

PSP Projects Limited reported a 16% year-on-year decline in Q1 revenue to ₹513.00 crore. EBITDA fell 67% to ₹24.00 crore, with margin dropping to 4.77%. PAT decreased to ₹0.13 crore from ₹34.00 crore. The company maintains a ₹6,514.00 crore order book, with Adani Group projects comprising 27%. PSP Projects faced operational challenges including labor shortages and increased employee costs. Despite Q1 difficulties, management remains optimistic about future prospects, citing ongoing discussions for new projects and anticipated improvements in labor availability.

30Jul 25

PSP Projects Reports Sharp Decline in Q1 Financial Performance, Schedules AGM and Appoints Auditors

PSP Projects Limited experienced a significant downturn in its Q1 financial results. The company's consolidated revenue from operations decreased by 16.90% to ₹51776.25 lakhs, while consolidated profit after tax plummeted by 98.78% to ₹42.34 lakhs compared to the same quarter last year. Standalone performance also showed declines in both revenue and profit. The company announced its 17th Annual General Meeting for September 27 and made appointments for Cost Auditors and Secretarial Auditors.

23May 25

PSP Projects Reports Decline in Q4 EBITDA, Margin, and Profit Despite Steady Revenue

PSP Projects Ltd's Q4 financial results show a marginal 0.30% increase in revenue to ₹670.00 crore. However, EBITDA fell by 38.71% to ₹32.30 crore, with EBITDA margin declining to 4.81% from 7.89%. Net profit saw a significant 58.06% drop to ₹6.50 crore, indicating operational challenges despite stable revenue.

19Apr 25

PSP Projects Secures ₹107.1 Crore Order and Bags Prestigious Infrastructure Award

PSP Projects has been awarded a ₹107.1 crore project for civil structure and finishes work at GIFT City, Gandhinagar. The institutional project, to be completed in 24 months, was received from Brigade (Gujarat) Projects Private Limited. Additionally, the company was recognized as a 'Pioneer in Infrastructure Development and Engineering' by GROHE HURUN India at a real estate leaders conclave.

04Mar 25

CCI Greenlights Adani Infra's Acquisition of PSP Projects Shares

The Competition Commission of India (CCI) has approved Adani Infra (India)'s acquisition of equity shares in PSP Projects, a prominent construction and infrastructure development company. This approval marks a significant step in Adani Infra's expansion plans, potentially leading to changes in PSP Projects' ownership structure and strategic alignment between the two companies. The exact details of the share acquisition, including the percentage or number of shares, have not been disclosed.

28Feb 25

PSP Projects Secures Massive Orders Worth ₹1,764 Crore, Boosting FY 2024-25 Order Book

PSP Projects Limited has won new contracts worth ₹1,764.12 crore, significantly boosting its order book. The projects include airport development (₹870.69 crore), healthcare (₹411.72 crore), residential (₹190.93 crore), and institutional (₹208.54 crore) constructions. This brings the company's total order inflow for FY 2024-25 to ₹3,478.58 crore. The company is also the lowest bidder for an additional ₹120.53 crore project. All projects are domestic with varied completion timelines ranging from 12 to 24 months.