Shares of B L Kashyap and Sons Ltd surged more than 8% in early morning trade after the company announced a significant new order win, strengthening its presence in India’s construction and infrastructure space.
The company has secured a ₹615.69 crore contract (exclusive of GST) from Sattva CKC Private Limited for a large commercial development project in Chennai, Tamil Nadu. The update was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
According to the filing, the order involves comprehensive structural and civil construction works for the commercial project titled “Sattva Chennai Knowledge City.” The project is expected to be executed over an estimated period of 31 months, indicating the long-term nature and scale of the engagement.
The contract has been awarded by a domestic entity, and the company has clarified that there is no involvement of promoters or promoter group entities in the transaction. B L Kashyap also stated that the order does not qualify as a related party transaction, and therefore, arm’s length conditions are not applicable.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
