Stock in Focus: Construction company BL Kashyap and Sons Ltd has received a big order in Greater Noida. The company said that it has received a work order worth ₹300 crore (excluding GST) from CRC Greens Private Limited. This order is for a group housing project.
What work will the company do in Greater Noida?
Under this project, BL Kashyap will construct and supervise the civil structural works. That means BL Kashyap will handle the construction activities related to the main structure of the building. This order has been placed by a domestic company and the work will be done in Greater Noida, Uttar Pradesh.
The time limit for completing this project has been fixed at around 42 months. The company has also clarified that its promoter or any company of the promoter group has no interest in the organization placing the order.
Big order was received in Chennai also
BL Kashyap had earlier also received a big contract in December. The company had then said that it had received new orders worth ₹364.07 crore for civil and structural works in Chennai. This has further strengthened the company’s order book in the commercial real estate segment.
According to exchange filings, the contract was awarded to ESNP Property Builders and Developers Pvt. Ltd. Had met from. This project is part of the Special Economic Zone i.e. SEZ. It is to be completed in about 24 months.
Status of BL Kashyap’s shares
Shares of BL Kashyap and Sons Ltd closed at ₹49.95 on NSE, down 0.20% on Wednesday. The stock has fallen 27.05% in the last 6 months. However, in the last 5 years it has given multibagger returns of 281.30%. The market cap of the company is Rs 1.13 thousand crore.
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