Introduction

In some good news for the Indian construction industry, B.L. Kashyap and Sons Limited (BLKASHYAP) announced that it has received a humongous work order of ₹510 crores (excluding GST) from Fidatocity Homes Private Limited. The project is to build a residential group housing complex on a plot measuring around 28.30 lakh square feet of built-up area.

The above notice was given to BSE Limited and National Stock Exchange of India Ltd. on 3rd May, 2025, as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Project Details and Scope

The contract that won the award is for a major residential group housing project. The project will be executed in phases within a period of approximately 33 months, an indicator of B.L. Kashyap’s continued capacity to take up long-term, high-value infrastructure projects.

Project Highlights:

• Client Company: Fidatocity Homes Private Limited
• Project Type: Residential Group Housing
• Developed Area: Approximately 28.30 lakh square feet
• Project Value: ₹510 Crores (GST Excluding)
• Duration of Execution: 33 months
• Nature of Engagement: Domestic contract, and not a related party transaction
• Promoter Involvement: None

B.L. Kashyap’s project will potentially contribute value to the company’s portfolio in the residential building business, which still enjoys healthy demand in India’s urban growth markets.

No Promoter Interest or Related Party Issues

In its timely filed document, B.L. Kashyap and Sons Limited clarified that neither its promoter group of companies nor the promoters have any financial or operational interest in Fidatocity Homes. Moreover, the project is not related party transaction and hence the contract is being entered into at arm’s length in full transparency.

This fresh announcement follows on the heels of yet another high-profile project in B.L. Kashyap’s order book that is diversified, further enhancing its strength as a top construction company in India, and particularly in the private real estate development business.

Received Letter of Intent on 3rd May 2025

B.L. Kashyap signed the Letter of Intent (LOI) on 3rd May 2025 at 1:04 PM officially. This within time filing to the exchanges reaffirms that the company desires to be compliant and transparent under listing conditions.

This work order will help the company significantly in terms of bottom line in future quarters and maintain the growth momentum of the company in the infra segment on track.

Strategic Company Orientation towards Urban Housing Infrastructure

B.L. Kashyap continues to battle increasing demand for Indian urban housing infrastructure. The company, under this new undertaking, aims at offering quality urban housing facilities giving due consideration to delivery time and quality.

Most renowned for having high execution capability and compliance with safety and environment standards, the company has efficiently executed a range of path-breaking projects in Indian commercial, residential, and institutional properties.

About B.L. Kashyap and Sons Limited

B.L. Kashyap and Sons Limited is a leading Indian construction firm with more than four decades of legacy in civil engineering, infrastructure, and urban development. It is listed on NSE and BSE and enjoys a reputation for quality project delivery and client relationship.

Its portfolio of diversified products comprises IT parks, office space, shopping malls, residential projects, and others. With this latest success, the company once again proves its capabilities to deliver complex, high-value projects within a time frame.

Industry Outlook: Residential Demand on the Rise

Good news has arrived at a time when India’s residential housing market is once again picking up pace with increasing urbanization, improving disposable incomes, and strong demand for houses after the pandemic. Participants like B.L. Kashyap need to capitalize on the growth in due course with smooth implementation and synergy plan.

The ₹510 crore deal needs to generate employment, local economic activity, and stimulate supply in the regional urban housing supply.

Conclusion

B.L Kashyap’s latest project victory from Fidatocity Homes Private Limited is yet another landmark in the success story of this company as a reliable construction associate for India’s high-value residential projects. With well-defined timeliness, solid financial worth, and no promoter interest conflict, the transaction reflects the company’s project management capabilities and business integrity.

As the Indian infrastructure industry continues to grow, B.L. Kashyap and other companies will spearhead the creation of intelligent, efficient, and scalable housing complexes to satisfy the needs of contemporary urban lifestyles.