BL Kashyap secures two orders worth ₹1,021 crore; shares hit 52-week high

On June 12, BL Kashyap & Sons Limited announced that it has secured two major contracts worth a combined total of ₹1,021 crore. The shares of BL Kashyap & Sons touched its 52-week high and rose to ₹95 in the early day today.

Contract details:

The first order was awarded by Sattva Homes and it involves hotel structure and shell work, with an expected completion timeline of 13 months. This project is valued at ₹97 crore and the contract demonstrates its capability to deliver complex projects within particular deadlines. The project also reinforces BL Kashyap’s expertise in the hospitality industry.

The second contract comes from DLF City Centre and is valued at ₹924.11 crore as it involves extensive civil and composite steel structural works. The project is expected to be completed in 21 months. BL Kashyap has secured such a high-value contract which raises its market position and reputation.

The company’s total order book is ₹3,545 crore,excluding GST after securing these new orders. The strong project range is expected to drive the company’s growth and operational performance in the coming quarters.

The company will continue to focus on leveraging its expertise to secure more contracts. It will also aim to further enhance its operational efficiencies thereby drive sustainable growth.

About the company:

BL Kashyap was founded in 1978 with its headquarters in India. The total number of employees as of 2023 is 947. At 12:34 PM, shares of B L Kashyap and Sons Limited were trading at 0.84% higher at ₹91.73 apiece on the NSE.