Stock in Focus: Construction company BL Kashyap and Sons Ltd has received a new big order in Chennai. The company has received this contract worth ₹364.07 crore for civil and structural work. This has further strengthened the company’s order book in the commercial real estate segment.
The company said in its exchange filing that this order was given to it by ESNP Property Builders and Developers Pvt. Ltd. Got it from. This contract is related to the commercial project ‘Embassy Splendid Tech Zone – Block’ to be built in Pallavaram area of Chennai. This includes the civil and structural construction package of the entire project.
This project is part of the Special Economic Zone (SEZ). According to the company, it will take about 24 months to complete this work.
Order worth ₹615 crore was received earlier also
Earlier, earlier this month, BL Kashyap had informed about another big order. The company had received this contract worth ₹615.69 crore (excluding GST) from Sattva CKC Private Ltd.
This order is for the commercial project ‘Sattva Chennai Knowledge City’ to be built in Chennai, Tamil Nadu. This includes structural and civil construction work. The estimated period to complete this project is said to be around 31 months.
BL Kashyap has clarified that both these orders have been received from domestic clients and are related to the big commercial development projects going on in Chennai. This is expected to improve the revenue visibility of the company in the coming time.
Status of BL Kashyap’s shares
Shares of BL Kashyap closed at ₹55.60, up 1.78% on the NSE on Tuesday, December 30. The stock has given a return of 13.24% in the last 1 month. However, the stock has fallen 16.11% in the last 6 months. It has fallen 27.18% in 1 year. It has given multibagger returns of 405.45% in the last 5 years. Its market cap is Rs 1.27 thousand crore.
What is BL Kashyap’s business?
BL Kashyap and Sons Ltd is a leading Indian construction and engineering company. It deals with civil and structural construction for commercial buildings, IT parks, SEZs, malls, office complexes, hotels, hospitals and residential projects.
The company specializes in large-scale project management, construction of high-rise and technology-intensive buildings. The company works with renowned real estate developers and corporate clients in many big cities of the country.
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