Shares of PSP Projects were trading in the green and 1% higher on 11 December after the company announced emerging as the lowest bidder for a Rs 296 crore project in Ahmedabad.

In its regulatory filing, the company said, “The company has emerged as lowest (L1) bidder for the project of Construction and Maintenance Agency (CMA) for Human and Biological Science Gallery at Science City, Ahmedabad, Gujarat, worth Rs 296.85 crore (excluding GST).”

Earlier this month, the company received a work order worth Rs 101.67 crore for a domestic project, the Construction and Maintenance of the Main Building of the Gujarat Biotechnology Research Centre at GIFT City Gandhinagar, Gujarat.

The project must be completed within 18 months; after that, operation and maintenance work will be carried out for 4 years.

The company had also emerged as the lowest bidder for a Rs 409.93 crore project for the development of the Sabarmati Riverfront for Ahmedabad Municipal Corporation in Ahmedabad, Gujarat.

The total order book of projects for which the company stands as the lowest bidder stands at Rs 1,063.86 crore for the current fiscal year, which is in addition to the work order received by the company during the current fiscal year amounting to Rs 1,060.30 crore.

At 12:43 pm, the shares of PSP Projects were trading 1.16% higher at Rs 778.15 on NSE.