B.L. Kashyap and Sons Secures Rs 1,021 Cr in New Orders

B L Kashyap & Sons Ltd. is one of the leading Engineering, Procurement, and Construction (EPC) Companies. The Company constructs IT Campuses, Commercial Spaces, Malls, Hotels, Residential Complexes and Manufacturing Facilities, Healthcare, and Transportation. It also takes projects to set up power generation plants, integrated rail and metro systems, etc.

B.L. Kashyap bags orders worth Rs.1021 crores

On Tuesday, June 11, BL Kashyap and Sons Ltd announced that it has secured two significant orders totaling approximately Rs. 1,021 crore. As a result, the company’s order book, excluding GST, now stands at Rs.3,545 crore. The first of these orders, awarded by Sattva Homes Private Ltd, involves hotel structure and shell work, with a contract value of around Rs. 97 crore. This project is scheduled to be completed within 13 months. 

The second order, granted by DLF City Centre Ltd, encompasses civil and composite steel structural works. This contract, valued at approximately Rs. 924.11 crore, is expected to be completed within 21 months. These orders will further strengthen their position in the industry.

Market Reaction

With this news, the stock of B.L. Kashyap is up by 2% today, B.L. Kashyap has given returns of 50% over the past month and has more than doubled over the past year. The stock currently trades at a price-to-earnings multiple of 39.6 and has made a new 52-week high of Rs.94.75 today and it has a 52-week low of Rs.38.80.

Conclusion: These substantial orders reflect BL Kashyap and Sons Ltd’s strong market presence in handling major construction projects. Securing contracts from clients like Sattva Homes Private Ltd and DLF City Centre Ltd highlights the company’s reliability and capability in the construction sector. The Company’s total order book now stands at Rs.3,545 crores. With the addition of these projects, BL Kashyap and Sons Ltd is well-positioned for continued growth and success, reinforcing its reputation as a leader in the industry.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.