KP Green Engineering Bags Rs 819-Crore BSNL Orders; Stock Rallies 7.5%

Shares of KP Green Engineering Ltd rallied 7.5% to touch a day’s high of Rs 435 on 12th January. This happened after the firm said it had received advance work orders worth Rs 819 crore from Bharat Sanchar Nigam Limited (BSNL) for telecom infrastructure works under the government’s 4G Saturation Project.

In a regulatory filing, KP Green Engineering said the orders span two clusters across multiple states. They mark the company’s largest contract win to date.

The first advance work order, worth Rs 483 crore (including GST), covers Cluster C. This includes Maharashtra and Goa. The second order, valued at Rs 336 crore (including GST), relates to Cluster J, covering Jammu & Kashmir, Ladakh, Uttarakhand, and Himachal Pradesh.

As part of the project, the company will supply and install ground-based telecom towers. It will also provide allied telecom infrastructure on an Infrastructure-as-a-Service basis and handle operations and maintenance for 5 years. There is an option to extend for another 5 years.

KP Green Engineering said the orders strengthen its executable order book and boost its presence in the telecom infrastructure and EPC space. The projects will be executed in accordance with BSNL’s schedule under the 4G Saturation Project/BOP-BIP programme.

At 12:44 PM, shares of KP Green Engineering were trading 3.73% higher at Rs 417.35 on BSE.

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