Gautam Adani-Backed Company Sets World Record with Monumental 24,000 Cubic Meter Concrete Pour for World's Tallest Temple-Vishv Umiya Dham

PSP Projects Limited has achieved a remarkable feat by completing the world's largest raft foundation for a religious structure in a record-breaking 54 hours, against a planned 72 hours. This monumental effort involved a continuous concrete pour of 24,000 cubic meters for the Vishv Umiya Dham in Ahmedabad, which is set to become the world's tallest temple at 504 feet. The achievement has been recognised by the Golden Book of World Records and serves as a testament to modern engineering and meticulous project execution.

The operation, which began on September 15, 2025, required an extraordinary level of logistical coordination and material management. A huge amount of resources were mobilised to complete the task, including 3,600 tons of cement, 6,480 metric tons of GGBS (Ground Granulated Blast-furnace Slag), and 3,250 metric tons of ice for temperature control. A large team of over 600 personnel worked in two shifts, supported by a fleet of 280 transit mixers making over 4,100 trips, and 29 RMC plants to ensure a constant supply of concrete.

The success of the project was significantly boosted by the use of advanced technology and a dedicated central control center. This hub was instrumental in managing and tracking the entire operation in real time, including live location monitoring of the vehicle fleet and advanced data management. This technological integration ensured seamless synchronisation between the production of materials and their on-site delivery, allowing the team to complete this challenging engineering feat efficiently and safely, establishing a new global benchmark for large-scale construction projects.

About the Company

PSP Projects Ltd. is an Indian construction company based in Ahmedabad, established in 2008. They specialise in a wide range of construction projects, including industrial, institutional, government, and residential buildings across India. The company offers end-to-end services, from planning and design to construction, including MEP work and interior fit-outs. Notable projects include the Surat Diamond Bourse and the Kashi Vishwanath Corridor. PSP Projects is also involved in precast concrete manufacturing and is known for its timely project completion and expanding presence in the Indian construction sector.

Adani Infra (India) Limited, backed by Gautam Adani, has acquired a significant stake in this company. Through a mandatory open offer, they acquired 44,86,193 equity shares (11.32 per cent), and an additional 91,53,779 equity shares (23.09 per cent) via a share purchase agreement with the existing promoter. This brings Adani Infra's total holding to 1,36,39,972 equity shares, representing 34.41 per cent of the company. As of August 2025, Adani Infra has become a co-promoter and now holds joint control of this small-cap company alongside the original promoters.

In its Quarterly Results, the net sales decreased by 17 per cent to Rs 517.76 crore and net profit decreased by 99 per cent to Rs 0.42 crore in Q1FY26 compared to Q1FY25. In FY25, the company reported net sales of Rs 2,512 crore and net profit of Rs 56 crore. As of June 2025, Madhulika Agrawal owns 9,00,000 shares or a 2.52 per cent stake in the company.

The company had a market cap of over Rs 3,100 crore and as of June 30, 2025, the company’s order book stands at Rs 6,514 crore. The company's shares are trading at a PE of 120x whereas the sectoral PE is 23x and an ROCE of 5 per cent. As of June 2025, Madhulika Agrawal owns 9,00,000 shares or a 2.52 per cent stake in the company. The stock is up by 42 per cent from its 52-week low of Rs 566.50 per share.

Disclaimer: The article is for informational purposes only and not investment advice.