BLKASHYAP Secures ₹152 Cr Bengaluru Project, Stock Rises 📈

Hey there, finance enthusiasts! 👋 Let’s dive into some exciting news from the construction sector.

B. L. Kashyap and Sons Limited (NSE: BLKASHYAP) just announced a significant new order that’s sure to get investors talking. The company has successfully bagged a substantial contract for civil and structural work in Bengaluru, a bustling hub for development.

This impressive domestic order, valued at a whopping ₹152 Crores (excluding GST), was awarded by Embassy Development Limited. For those keeping an eye on the construction space, Embassy Development is a well-known name, and securing a project from them is a testament to BLKASHYAP’s capabilities.

The project involves comprehensive civil and structural work, and it’s slated for completion in approximately 18 months from the date of site handover. This adds a solid chunk to BLKASHYAP’s project pipeline, providing revenue visibility and strengthening its presence in the key Bengaluru market.

Such order wins are crucial for construction companies as they directly translate into future revenue and profitability. It signals continued demand for their services and reinforces market confidence in their execution abilities.

Following this positive announcement, BLKASHYAP’s stock saw a nice bump, trading at ₹71.35 and up 1.5%. It’s always great to see companies adding significant projects to their portfolio, and this one certainly looks promising for B. L. Kashyap and Sons Limited. Keep an eye on this space for more updates! 🏗️💰

source: Corporate Announcement

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