Infra Stock engaged in providing Engineering, Procurement, and Construction (EPC) services jumped 4% in the day’s trade upon receiving a work order worth ₹ 208 Crores from Manyata Promoters Private Limited.
With a Market Capitalization of Rs. 1,735 Crores, the shares of B.L. Kashyap & Sons Limited were trading at Rs. 76.88, up 3.49 percent from its previous day’s close price of Rs. 74.29.
B.L. Kashyap & Sons Limited has secured a new order worth Rs. 208 Crores from Manyata Promoters Private Limited for the Construction of Block D1 & D2 (SEZ) at Embassy Manyata Business Park Campus, Bangalore. The construction work has to be completed in 19 months.
Taking into consideration the above order B.L. Kashyap & Sons Limited has a total order book value of Rs. 3,165 Crores.
B.L. Kashyap & Sons Limited is an Engineering, Procurement, and Construction (EPC) services provider engaged in the business of Construction of Buildings High-Rise Residential and Commercial Complexes, IT Parks, Institutional Buildings, metros, and many more.
Some of the prestigious projects built by the company are the Daimler Mercedes Plant, Delhi Airport Terminal 1D, Jaipur Metro, Manyata Business Park, NHSRCL–Sabarmati Station, and many more.
Its revenue from operations declined 4.11 percent from Rs. 1,158 Crores in FY22 to Rs. 1,110 Crores in FY23, accompanied by profits of Rs. 44 Crores to Rs. 22 Crores.
Written by: Bharath K.S
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