BL Kashyap Wins ₹183.18 Crore Order; Shares Rise 3.42%

Mumbai, August 20: BL Kashyap and Sons Limited has secured a Letter of Intent worth ₹183.18 crore, excluding GST, from Railkraft Ventures LLP for civil and structural work on a residential building.

Company Secures ₹183.18 Crore Residential Project

The order covers civil and structural works for a residential building, with execution to be carried out in line with the approved drawings, specifications and agreed scope, according to the company’s exchange disclosure dated August 20, 2026.

The contract is a domestic order and is expected to run for approximately 18 months. The company said the Letter of Intent was received and accepted on August 19, 2026, at 3:53 pm.

Railkraft Ventures LLP is the awarding entity. BL Kashyap and Sons has also disclosed that neither its promoter group nor promoter-group companies have any interest in the entity awarding the contract. The order does not fall within the related-party transaction category.

Stock Market Snapshot

BL Kashyap and Sons shares were trading at ₹53.82 as of 3:19 pm IST on August 20, 2026, according to the market data provided. The stock was up ₹1.78, or 3.42%, from its previous close.

The stock traded close to the ₹52-₹53 range through much of the session before moving higher later in the day. The BL Kashyap and Sons share price stood at ₹53.82 at the reported timestamp.

The rise came against the backdrop of the company announcing the new ₹183.18 crore project, which adds to its disclosed construction order pipeline.

BL Kashyap Adds Another Residential Project To Its Pipeline

BL Kashyap and Sons operates in the construction and infrastructure space, undertaking building and civil engineering projects.

The latest contract adds a residential building project to its current execution pipeline. The work involves civil and structural construction, with the company expected to complete the package over approximately 18 months.

The size of the order is ₹183.18 crore excluding GST. While the filing does not provide a project completion value including taxes, it confirms that the company will execute the work as specified under the agreed contractual terms.

New Order Provides Additional Execution Visibility

The Letter of Intent gives BL Kashyap and Sons a fresh project to execute over the coming 18 months and expands its disclosed residential construction work.

Importantly, the company has confirmed that the awarding entity is not connected to its promoter group and that the contract is not a related-party transaction. The disclosure also confirms that the LOI has already been accepted.

With the stock at ₹53.82 as of 3:19 pm IST on August 20, 2026, shares had gained 3.42% during the session as investors responded to the order announcement.

Source:

• https://www.nseindia.com/get-quote/equity/BLKASHYAP/B.-L.-Kashyap-and-Sons-Limited
• https://nsearchives.nseindia.com/corporate/BLKASHYAP_20082026152000_BLK_Award_Century.pdf