The company's total order book stands at Rs.7,291.65 million
ECONOMY & POLICY

The company's total order book stands at Rs.7,291.65 million

Ahmedabad-based PSP Projects launched its IPO last month comprising an issue of up to 10,080,000 equity shares. Prahaladbhai Shivrambhai Patel, Chairman & Managing Director & CEO, PSP Projects, shares more...

Current order book and utilisation plans, total operating assets: The company's total order book as on March 31, 2017, stands at Rs 7,291.65 million, which includes 17 institutional projects, four industrial projects, four government projects and two government residential projects. Further, as on FY17, the order book of subsidiaries and JVs stood at Rs 908.54 million and Rs 1,073.92 million, respectively.

Business model adopted and strategy for growth: PSP Projects (PSP) is a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and private residential projects in India. The company provides services across the construction value chain, ranging from planning and design to construction and post-construction activities to private and public-sector enterprises. The company's strategy is not focused solely on order book addition but rather on adding quality projects with potentially higher margins or prestigious projects that help enhance their growing reputation. By diversifying their skill sets and order book across different sectors, PSP is able to pursue a broader range of project tenders and, consequently, optimise its business volume and profit margins.

Ahmedabad-based PSP Projects launched its IPO last month comprising an issue of up to 10,080,000 equity shares. Prahaladbhai Shivrambhai Patel, Chairman & Managing Director & CEO, PSP Projects, shares more... Current order book and utilisation plans, total operating assets: The company's total order book as on March 31, 2017, stands at Rs 7,291.65 million, which includes 17 institutional projects, four industrial projects, four government projects and two government residential projects. Further, as on FY17, the order book of subsidiaries and JVs stood at Rs 908.54 million and Rs 1,073.92 million, respectively. Business model adopted and strategy for growth: PSP Projects (PSP) is a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and private residential projects in India. The company provides services across the construction value chain, ranging from planning and design to construction and post-construction activities to private and public-sector enterprises. The company's strategy is not focused solely on order book addition but rather on adding quality projects with potentially higher margins or prestigious projects that help enhance their growing reputation. By diversifying their skill sets and order book across different sectors, PSP is able to pursue a broader range of project tenders and, consequently, optimise its business volume and profit margins.

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