PSP Projects wins Rs 1 billion GIFT City contract

23 Apr 2025 CW Team

PSP Projects has secured a Rs 1 billion order for civil and finishing work on the BIFC-2 building at GIFT City, Gandhinagar. The contract was awarded by Brigade (Gujarat) Projects and is scheduled for completion within 24 months.

The company clarified that this is not a related-party transaction, as neither promoters nor their associates have any stake in the awarding entity.

Known for its diversified construction portfolio, PSP Projects operates across industrial, institutional, government, and residential sectors.

Financially, the company reported a sharp 83.8 per cent drop in consolidated net profit to Rs 50 million in Q3 FY25, while revenue declined 10.6 per cent year-on-year to Rs 6.30 billion.

Despite the earnings slump, shares of PSP Projects inched up 0.13 per cent to Rs 636.95 on the BSE.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..