Kesar India Bags ₹160 Crore EPC Order; Shares Slip 0.26%

Mumbai, May 22: Kesar India said its wholly-owned subsidiary Kesar Infraventures Private Ltd has secured an Engineering, Procurement and Construction contract for a residential development project in Central Mumbai valued at approximately ₹160 crore.

The company disclosed in an exchange filing that the order was awarded by Zee Enterprises for a large-scale residential project located at Siddharth Nagar, Byculla. According to the filing, the project includes execution of residential towers and allied infrastructure works.

The scope of work covers RCC construction, internal and external development works, electrical systems, plumbing, firefighting systems, roads, drainage, landscaping and associated infrastructure facilities.

As per the regulatory disclosure, the contract has been awarded in the ordinary course of business and is categorised as a domestic EPC contract. The company stated that the execution timeline for the project is estimated at 24 months.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Stock Market Snapshot

Kesar India share price closed at ₹1,245.75 on the BSE on May 21, 2026, down 0.26% from the previous close.

The stock traded between ₹1,210.05 and ₹1,248.90 during the session, according to exchange data. Market stood at around ₹3.74 crore at the close.

The order announcement comes as the company continues expanding its infrastructure and EPC operations through its subsidiary business vertical.

Company Background

Kesar India Ltd operates in the real estate and infrastructure segment with activities spanning residential development and EPC execution.

The company has been focusing on expanding its project execution capabilities through Kesar Infraventures Private Ltd, which undertakes construction and infrastructure-related contracts.

According to the exchange filing, the latest order marks a milestone in the group’s expanding EPC operations in the Mumbai region.

Conclusion

The ₹160 crore EPC contract strengthens Kesar India’s order book and adds visibility to its execution pipeline over the next two years.

While the stock ended marginally lower in the latest trading session, the company’s disclosure signals continued traction in residential infrastructure development projects in Central Mumbai.

Source:

• https://www.bseindia.com/stock-share-price/kesar-india-ltd/kesar/543542
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/1d4534a2-b0ff-4586-b5ec-5310f4ea3efa.pdf