BL Kashyap & Sons has secured two orders worth Rs 1021 crores

In a significant development, B L Kashyap and Sons saw its stock rise by 2.09% to Rs 92.84 following the receipt of a letter of intent (LoI) for two substantial orders totaling Rs 1,021 crore. The first LoI, received on June 10, 2024, involves the construction of a hotel structure and shell work valued at Rs 97 crore, to be completed within 13 months. The second LoI, received a day later on June 11, 2024, pertains to civil and composite steel structural works for DLF City Centre, amounting to Rs 924.11 crore and with a completion period of 21 months.

As a leading engineering, procurement, and construction (EPC) company with a robust presence across 12 cities in 8 states in India, B L Kashyap and Sons currently boasts a substantial order book totaling Rs 3,545 crore.

In its latest financial performance, the company reported a consolidated net profit of Rs 31.92 crore for Q4 FY24, marking a significant turnaround from a net loss of Rs 23.66 crore in the same quarter of the previous fiscal year. The revenue from operations also showed a notable increase, climbing by 23.64% to Rs 341.17 crore in Q4 FY24.

These developments underscore B L Kashyap and Sons' strong market position and its ongoing growth trajectory in the EPC sector, reaffirming its capability to secure and execute large-scale projects across India.

News by Rahul Yelligetti