This ₹2000 crore m-cap company secures orders worth ₹819 crore from BSNL; check how the stock is performing

Shares of KP Group's flagship company, KP Green Engineering, rallied over 8% on Monday afternoon, after securing a major order from state-owned telecom company BSNL. The shares traded 4.1% higher at ₹415 apiece on the BSE after hitting an intraday high of ₹435 apiece.

The exchange filing read, “ KP Green Engineering Limited (‘the Company’) has received landmark Advance Work Orders from Bharat Sanchar Nigam Limited (‘BSNL’), a Government of India enterprise, for the execution of telecom infrastructure works under the 4G Saturation Project / BOP-BIP, aggregating to ₹819 crore (incl. GST). First Advance Work Order pertains to Cluster C comprising Maharashtra Circle and Goa, with an order value of ₹483 crore (including GST), while the second Advance Work Order pertains to Cluster J comprising Jammu & Kashmir, Ladakh, Uttarakhand and Himachal Pradesh, with an order value of ₹336 crore (including GST).

The scope of work under both Advance Work Orders includes supply and erection of Ground Based Towers (GBT), acting as an Infrastructure as a Service Provider (IaaSP) for supply and installation of allied telecom infrastructure items, and operation and maintenance (O&M) of the sites for a period of five (5) years, extendable by a further period of five (5) years under 4G Saturation Project/ BOP-BIP, in accordance with BSNL’s technical specifications and project requirements. The receipt of the aforesaid Advance Work Orders represents the largest order win secured by the company to date”.

As of Q2FY26, the company’s total revenue stood at ₹1,100 crore, and the revenue more than doubled in Q2FY26 at ₹532 crore as compared to ₹262 crore. The shares fell almost 25% in 2025 amid weakness in the broader markets.