Shares of B.L. Kashyap and Sons Limited rallied more than 8% after the company announced that it has secured a fresh order worth ₹300 crore, excluding GST, for civil structural works in a group housing project located in Greater Noida, Uttar Pradesh. The order has been awarded by CRC Greens Private Limited and is scheduled to be executed over an estimated period of 42 months.
The development was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The company informed stock exchanges that the contract pertains to construction and supervision of civil structural works for a residential group housing development project in Greater Noida.
The total contract value stands at ₹300 crore, excluding applicable taxes. With an execution timeline of approximately 42 months, the project is expected to provide steady revenue visibility over the medium term. The order further strengthens B.L. Kashyap’s footprint in the residential real estate construction segment, particularly in the National Capital Region (NCR), where housing demand has shown resilience.
The company also provided clarity on governance aspects, stating that the order has been awarded by a domestic entity and does not fall under related party transactions. It confirmed that neither the promoter nor promoter group companies have any interest in the awarding entity, underlining transparency in the transaction.