Engineering stock jumps 8% after securing order worth ₹819 Cr from BSNL

SYNOPSIS: KP Green Engineering secured Rs. 819 crore advance work orders from BSNL for the 4G Saturation Project, its largest win to date, boosting the order book and strengthening telecom EPC capabilities.

During Monday’s trading session, shares of a company involved in the manufacturing of fabricated and hot-dip galvanised steel products surged more than 8 percent on BSE, after the company announced securing an order worth Rs. 819 crores from Bharat Sanchar Nigam Limited (BSNL), a Government of India enterprise.

At 11:12 a.m., shares of KP Green Engineering Limited were trading in the green at Rs. 415 on BSE, up by over 3 percent, compared to its previous closing price of Rs. 402.35, with a market cap of Rs. 2,075 crores. The stock has delivered negative returns of around 8 percent in one year, and has fallen by nearly 1 percent in the last one month.

As per its latest regulatory filing, KP Green Engineering Limited has received advance work orders worth Rs. 819 crore from Bharat Sanchar Nigam Limited (BSNL), a Government of India enterprise. The order is for the execution of telecom infrastructure works under the 4G Saturation Project/BOP-BIP.

The first advance work order covers Cluster C, comprising Maharashtra Circle and Goa, with a contract value of Rs. 483 crores, while the second order pertains to Cluster J, covering Jammu & Kashmir, Ladakh, Uttarakhand, and Himachal Pradesh, valued at Rs. 336 crores.

Under both contracts, KP Green Engineering will undertake the supply and erection of Ground-Based Towers (GBT), operate as an Infrastructure-as-a-Service Provider (IaaSP) for supply and installation of allied telecom infrastructure, and provide operations and maintenance (O&M) services of the sites for an initial period of 5 years, extendable by another 5 years, in line with BSNL’s technical and project specifications.

The company stated that these orders represent the largest order win in its history and a significant milestone in its growth journey. The contracts meaningfully strengthen the executable order book, deepen its footprint in the telecom infrastructure and EPC segment, and reaffirm its capability to deliver large, complex, and geographically diverse public-sector projects, aligned with its strategy to scale participation in government-backed initiatives.

KP Green reported a significant growth in revenue from operations, experiencing a year-on-year increase of around 103 percent, from Rs. 262 crores in H1 FY25 to Rs. 532 crores in H1 FY26. Likewise, its net profit grew during the same period from Rs. 27 crores to Rs. 58 crores, representing an impressive growth of around 115 percent YoY.

The company operates with an existing manufacturing capacity of 3,10,500 metric tonnes per annum (MTPA), which is expected to rise to a total operational capacity of 4,00,500 MTPA by FY26. Its facilities at Dabhasa and Matar are currently operational, while capacity expansion at the Matar site is underway. As of H1 FY26, KP Green has an order book of Rs. 465 crore.

KP Green Engineering Limited, a part of KP Group, is primarily engaged in the business of fabrication, galvanising, fault rectification, patrolling of optical fibre cables, site clearance work, solar roof-top installation, sale of solar electricity, EPC, mobile tower manufacturing and a turnkey service provider to the mobile and renewable energy industry.

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