BLKASHYAP Secures ₹910 Cr Order Amidst 5.7% Price Dip 🏗️
For investors tracking the construction sector, B. L. Kashyap and Sons Limited (BLKASHYAP) just dropped some exciting news! The company has announced a significant new order that’s set to bolster its project pipeline and future revenue.
BLKASHYAP has successfully secured a substantial domestic contract from BPTP Limited. This isn’t just any deal; it’s a massive project valued at a whopping ₹910 Crores (excluding GST)! 💰 The scope of work involves the construction of civil structures for residential towers, along with associated non-tower areas and community building work. This comprehensive assignment is expected to be completed in approximately 36 months, providing a solid revenue stream for the next three years.
It’s important to note that this is a purely domestic venture, and the company has confirmed there are no promoter interests or related party transactions involved, ensuring a straightforward deal.
While BLKASHYAP’s shares recently saw a 5.7% dip, closing at ₹72.2, securing such a large-scale project is undoubtedly a positive development. New orders like this are the lifeblood of construction companies, providing a strong foundation for future earnings and growth. Keep an eye on how this major win impacts BLKASHYAP’s journey ahead! ✨
source: Corporate Announcement
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