Construction engineering company B.L. Kashyap and Sons shares were up nearly 2% at Rs 45.00 at 10:00 am on July 19 before the company released a statement about their new Rs 369 crore order from DLF Home Developers.
After this order, the total order book as of date stands at Rs 3,086 crore.
The order is said to be executed within 33 months.
The company received an order from DLF Home Developers Limited for civil structure, and waterproofing works for its luxury housing project DLF The Arbour in Gurugram. The order is with a free supply of steel by DLF.
BL Kashyap has a presence in 12 cities across eight states in India and has completed over 250 projects that span more than 125 million sq. ft.
Vineet Kashyap, Managing Director, B L Kashyap & Sons Ltd., said, “Securing a significant order from DLF Home Developers at the start of the second quarter of FY2024 is promising. We foresee continuing this positive trend in the forthcoming quarters and are honoured to be awarded another job by DLF. We are confident of the sustained expansion of our order book throughout the entire financial year, fuelled by the strong momentum witnessed in the construction and infrastructure sector.”.
In June, the company also received an order from Nzuri Pine Knowledge Park Pvt Ltd worth Rs 147 crore.