PSP Projects Secures Ahmedabad Contracts Worth Rs 17.64 Bn
ECONOMY & POLICY

PSP Projects Secures Ahmedabad Contracts Worth Rs 17.64 Bn

PSP Projects has secured infrastructure and construction contracts worth Rs 17.64 billion in Ahmedabad, strengthening its presence in the region. The company’s order inflow for FY25 has now reached Rs 34.78 billion, as per its stock exchange filing.

Among the major projects, the City Side Development project at Ahmedabad Airport, valued at Rs 6.47 billion, has been awarded by Adani Airport Holdings, with a scheduled completion period of 18 months. Additionally, the construction of the Adani Medicity & Research Center, worth Rs 4.11 billion, has been entrusted to PSP Projects by Vitthal Mandir, with an estimated completion timeline of 24 months.

In the residential sector, Adani Realty has assigned a Rs 1.39 billion contract for a housing project at Shantigram, Ahmedabad, to be completed within 22 months. Another contract at Shantigram, worth Rs 1.47 billion, has been awarded by Adani Enterprises with an execution period of 18 months. Furthermore, Ahmedabad International Airport has granted a Rs 2.23 billion contract for Airside & Landside development, to be completed within 12 months.

The training centre at Shantigram, valued at Rs 610.07 million, has also been assigned by Adani Enterprises, with an expected completion period of 18 months. Meanwhile, Sevadaan Arogya Foundation has awarded a Rs 510 million contract for the Vishram Gruh development at the Asarva Civil Hospital Campus, with a 20-month timeline.

In addition to these large-scale projects, PSP Projects has secured smaller contracts and amendments totalling Rs 820.24 million. The company has also won a street development project in Ahmedabad as the lowest bidder, valued at Rs 1.20 billion (excluding GST). These projects significantly enhance PSP Projects’ infrastructure portfolio and expand its execution pipeline for the upcoming fiscal year.

News source: IIFL Capital

PSP Projects has secured infrastructure and construction contracts worth Rs 17.64 billion in Ahmedabad, strengthening its presence in the region. The company’s order inflow for FY25 has now reached Rs 34.78 billion, as per its stock exchange filing. Among the major projects, the City Side Development project at Ahmedabad Airport, valued at Rs 6.47 billion, has been awarded by Adani Airport Holdings, with a scheduled completion period of 18 months. Additionally, the construction of the Adani Medicity & Research Center, worth Rs 4.11 billion, has been entrusted to PSP Projects by Vitthal Mandir, with an estimated completion timeline of 24 months. In the residential sector, Adani Realty has assigned a Rs 1.39 billion contract for a housing project at Shantigram, Ahmedabad, to be completed within 22 months. Another contract at Shantigram, worth Rs 1.47 billion, has been awarded by Adani Enterprises with an execution period of 18 months. Furthermore, Ahmedabad International Airport has granted a Rs 2.23 billion contract for Airside & Landside development, to be completed within 12 months. The training centre at Shantigram, valued at Rs 610.07 million, has also been assigned by Adani Enterprises, with an expected completion period of 18 months. Meanwhile, Sevadaan Arogya Foundation has awarded a Rs 510 million contract for the Vishram Gruh development at the Asarva Civil Hospital Campus, with a 20-month timeline. In addition to these large-scale projects, PSP Projects has secured smaller contracts and amendments totalling Rs 820.24 million. The company has also won a street development project in Ahmedabad as the lowest bidder, valued at Rs 1.20 billion (excluding GST). These projects significantly enhance PSP Projects’ infrastructure portfolio and expand its execution pipeline for the upcoming fiscal year. News source: IIFL Capital

Next Story
Infrastructure Transport

Lack of Bidders Stalls VOC Port’s Rs 70.56 Bn Harbour Project Again

The VOC Port Authority’s Rs 70.56 billion outer harbour project has once again faced a setback, with the latest tender process cancelled due to the absence of qualified bidders. This marks the second failed attempt to secure participation for the mega infrastructure initiative.The tender has reportedly been withdrawn from the active list of bids, and the authority is now expected to re-evaluate and possibly restructure the project to enhance its appeal to potential developers.The port authority had initially floated the Request for Proposal (RFP) in December 2024, following the cancellation ..

Next Story
Infrastructure Transport

Sea Lord Containers Opens Cryogenic LPG Terminal in Mangalore

Sea Lord Containers (SCL), a wholly-owned subsidiary of Aegis Logistics, has commissioned a new cryogenic Liquified Petroleum Gas (LPG) terminal in Mangalore. The facility, which became operational on 12 June 2025, offers a static storage capacity of 82,000 metric tons (MT), significantly strengthening the region’s LPG logistics infrastructure.The terminal was developed by SCL on behalf of Aegis Vopak Terminals, an associate company of Aegis Logistics. The asset is expected to be transferred to Aegis Vopak Terminals Limited at a later date, with formal updates to be shared separately with st..

Next Story
Infrastructure Urban

Cochin Port and Oil India Partner for Offshore Exploration Support

The Cochin Port Authority (CoPA) has signed a Memorandum of Understanding (MoU) with Oil India (OIL) to establish a shore base facility supporting offshore oil exploration in the Kerala-Konkan Basin. The agreement was formalised at a ceremony held at CoPA, Willingdon Island, on 12 June 2025, in the presence of senior officials from both organisations.Under the partnership, Cochin Port will provide critical logistics infrastructure for OIL’s offshore drilling operations, expected to begin later in 2025. The planned shore base will include a dedicated warehouse, dry bulk handling plant, and an..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?