Latest news with #NationalInfrastructurePipeline
Mint
37 minutes ago
- Business
- Mint
B L Kashyap & Sons secures ₹1,067 crore worth of orders in 2 days, equal to 65% of its market cap
B L Kashyap and Sons (BLK), a small-cap stock, has been making waves on Dalal Street with a series of order wins, boosting its order book and enhancing revenue visibility. On Monday, the company announced that it had secured an order worth ₹ 910 crore from BPTP Limited for the construction of civil structures for residential towers, including associated non-tower areas and a community building. This was the second major order after the company secured a ₹ 157.26 crore contract on Friday from Manyata Promoters Private Limited for civil and structural works at the Embassy Manyata Business Park project. Together, these two orders amount to ₹ 1,067.26 crore, equivalent to approximately 65% of the company's current market capitalization of ₹ 1,641 crore. Earlier in May, the company had also bagged an order worth ₹ 510 crore from Fidatocity Homes Private Limited for the construction of a residential group housing project with a built-up area of approximately 28.30 lakh square feet. Zooming out, it ended FY25 with a strong order book of ₹ 3,021 crore, representing 2.16 times its FY25 revenue. Haryana and Karnataka are the largest contributors to the company's order book. Segment-wise, commercial projects account for 70% of the total order book, followed by residential (17%), institutional (8%), and infrastructure (5%), according to its latest investor filing. Looking ahead, the company aims to continue bidding for railway projects by leveraging its experience from completed, ongoing, and upcoming metro and railway projects. It plans to strategically grow its presence in the railway sector, with the goal of increasing the government project share to 25% of the order book in FY26, according to the company's recent investor presentation. Currently, its private-to-government project ratio stands at 93:07. The company is targeting a more balanced ratio by capitalizing on infrastructure investments under the National Infrastructure Pipeline (NIP). As part of its future strategy, it said it plans to strategically monetize non-core assets to achieve financial freedom by FY2027. This will involve identifying and liquidating underutilized assets, optimizing its portfolio, and reallocating resources to high-growth areas. Through the unlocking of non-essential assets, the company aims to strengthen its financial position, reduce liabilities, and increase flexibility for reinvestment in core business initiatives. Meanwhile, the company also stated that it has significantly reduced its debt from ₹ 700 crore to ₹ 275 crore in FY25. It also informed us that there is currently no term loan outstanding, with only working capital and bank guarantee limits in place. CRISIL has upgraded the company's credit rating to CRISIL B+/Stable/A4.' The company's shares entered a significant correction phase after hitting an all-time high of ₹ 120.55 apiece in August last year, shedding nearly 40% of their value since then to trade at current level of ₹ 73. This sustained decline is largely due to profit-booking, following a sharp rally between June 2022 and August 2024, during which the stock surged 488% without any major pullbacks. Looking at the long term, the stock is still up 1,162% over the past five years. From its March 2020 low of ₹ 3.30 apiece, the stock has jumped an impressive 2,112% to date. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
1News
a day ago
- Business
- 1News
Govt trumpets billions being spent on infrastructure in coming months
The Government has released an infrastructure update showing $6 billion of state-funded construction is due to start between now and Christmas. The ministers who were visiting a construction site in Drury spoke to media this morning. Prime Minister Christopher Luxon also took part in the briefing. Minister for Economic Growth Nicola Willis and Minister for Infrastructure Chris Bishop said in a media release that the projects would drive economic activity and create thousands of jobs across the country. "The projects getting underway include new roads, hospitals, schools, high-tech laboratories and other government buildings," Willis said. "That means spades in the ground, jobs throughout the country and a stronger economy. ADVERTISEMENT "Improving the quality of New Zealand's infrastructure is critical to growing the economy and helping Kiwis with the cost of living. "Good roads, schools and hospitals help business to move goods and services to market quickly and efficiently, children to learn and doctors and nurses to get patients back on their feet." The projects getting underway would create thousands of employment opportunities for New Zealanders, Bishop said. "Numbers vary according to the nature of projects, but data sourced from the Infrastructure Commission suggests each billion dollars of infrastructure investment per year equates to about 4500 jobs. "In total, workers are expected to start construction on $3.9 billion worth of roading projects in the next few months. "They include the Ōtaki to north of Levin expressway, the Melling interchange, the Waihoehoe Road upgrade, and the new Ōmanawa bridge on SH29. All will help to lift productivity by getting people and freight to their destinations quickly and safely. "Health projects kicking off include upgrades to Auckland City Hospital, Middlemore Hospital, and the construction of a new acute mental health unit at Hutt Valley Hospital. ADVERTISEMENT "Construction work on the new inpatients' building at the new Dunedin Hospital has also just begun." Projects focused on improving school properties nearly $800 million in value would also be underway before the end of the year, he said. "Other government infrastructure projects due to start before the end of this year include a massive new state-of-the-art biosecurity facility in Auckland for the Ministry of Primary Industries and the Papakura District Court interim courthouse. "Importantly, this is just the start. The National Infrastructure Pipeline, managed by the Infrastructure Commission, now shows planned future projects totalling $207 billion across central government, local government and the private sector." Alongside the infrastructure update, Nicola Willis today released an update on the Government's Infrastructure for Growth work programme. The update is the first refresh of the Going for Growth agenda launched in February to drive economic growth by backing business, improving infrastructure and skills, and removing barriers to innovation. The projects beginning construction include: Hutt Valley Te Whare Ahuru Acute Mental Health Unit, Wellington Kidz First and McIndoe Building Recladding, Middlemore Hospital, Auckland Linear Accelerators Replacement, Auckland City Hospital, Auckland Plant Health & Environment Capability Laboratory, Auckland Papakura District Court Interim Courthouse, Auckland Waihoehoe Road Upgrade, Auckland SH22 (Drury) Corridor Upgrade - interim works, Auckland SH29 Tauriko - Omanawa Bridge - Bay of Plenty SH1 Ōtaki to north of Levin, Horowhenua SH2 Melling Interchange, Wellington SH76 Brougham Street, Canterbury Rolleston Access Improvements - Package 1, Canterbury Parliamentary Library - south building and underground carpark seismic strengthening & rebuild, Wellington School property projects across the country including roll growth classrooms, upgrades and redevelopments & learning support satellite classrooms, administration blocks and gymnasiums.
Scoop
2 days ago
- Business
- Scoop
Infrastructure Projects To Drive Jobs And Growth
Minister for Economic Growth Hon Chris Bishop Minister for Infrastructure Billions of dollars worth of infrastructure projects getting underway in the next few months will drive economic activity and create thousands of jobs across the country, Economic Growth Minister Nicola Willis and Infrastructure Minister Chris Bishop say. The Ministers today released an infrastructure update showing $6 billion of government-funded construction is due to start between now and Christmas. 'The projects getting underway include new roads, hospitals, schools, high-tech laboratories and other government buildings,' Nicola Willis says. 'That means spades in the ground, jobs throughout the country and a stronger economy. 'Improving the quality of New Zealand's infrastructure is critical to growing the economy and helping Kiwis with the cost of living. 'Good roads, schools and hospitals help business to move goods and services to market quickly and efficiently, children to learn and doctors and nurses to get patients back on their feet.' Chris Bishop says the projects getting underway will create thousands of employment opportunities for New Zealanders. 'Numbers vary according to the nature of projects, but data sourced from the Infrastructure Commission suggests each billion dollars of infrastructure investment per year equates to about 4500 jobs. 'In total, workers are expected to start construction on $3.9 billion worth of roading projects in the next few months. They include the Ōtaki to north of Levin expressway, the Melling interchange, the Waihoehoe Road upgrade, and the new Ōmanawa bridge on SH29. All will help to lift productivity by getting people and freight to their destinations quickly and safely. 'Health projects kicking off include upgrades to Auckland City Hospital, Middlemore Hospital, and the construction of a new acute mental health unit at Hutt Valley Hospital. Construction work on the new inpatients building at the new Dunedin Hospital has also just begun. 'Between now and the end of this year, school property projects valued at nearly $800 million will get underway across the country. 'Other Government infrastructure projects due to start before the end of this year include a massive new state-of-the-art biosecurity facility in Auckland for the Ministry of Primary Industries and the Papakura District Court interim courthouse. 'Importantly, this is just the start. The National Infrastructure Pipeline, managed by the Infrastructure Commission, now shows planned future projects totalling $207 billion across central government, local government and the private sector.' Alongside the infrastructure update, Nicola Willis today released an update on the Government's Infrastructure for Growth work programme. The update is the first refresh of the Going for Growth agenda launched in February to drive economic growth by backing business, improving infrastructure and skills, and removing barriers to innovation. The update shows that since February the Government has delivered on 14 actions to build a stronger infrastructure pipeline and drive better value for money. They include: streamlining land acquisition processes for major infrastructure projects agreeing to fund more than $550 million of water, energy, Māori development and other projects through the Regional Infrastructure Fund; and consulting on a draft National Infrastructure Plan due to become final by the end of the year that will give investors and businesses confidence and drive better value for money from public investment. Note The projects beginning construction include: Hutt Valley Te Whare Ahuru Acute Mental Health Unit, Wellington Kidz First and McIndoe Building Recladding, Middlemore Hospital, Auckland Linear Accelerators Replacement, Auckland City Hospital, Auckland Dunedin Hospital Sterile Services Unit, Dunedin Plant Health & Environment Capability Laboratory, Auckland Papakura District Court Interim Courthouse, Auckland Waihoehoe Road Upgrade, Auckland SH22 (Drury) Corridor Upgrade – interim works, Auckland SH29 Tauriko – Omanawa Bridge – Bay of Plenty SH1 Ōtaki to north of Levin, Horowhenua SH2 Melling Interchange, Wellington SH76 Brougham Street, Canterbury Rolleston Access Improvements – Package 1, Canterbury Parliamentary Library – south building and underground carpark seismic strengthening & rebuild, Wellington School property projects across the country including roll growth classrooms, upgrades and redevelopments & learning support satellite classrooms, administration blocks and gymnasiums. This list excludes a small number of significant projects which will begin construction before the end of 2025, but cannot yet be named for a range of commercial reasons. The value of these projects is included in the $6 billion total. Announcements will be made about them in the coming weeks and months.
Otago Daily Times
2 days ago
- Business
- Otago Daily Times
Infrastructure boost includes Canterbury works
The government has released an infrastructure update showing that $6 billion of government-funded construction is due to start between now and Christmas. Prime Minister Christopher Luxon and other ministers joined him in the rural town of Drury, near Auckland, for the announcement this morning. In a statement, Minister for Economic Growth Nicola Willis and Minister for Infrastructure Chris Bishop said the projects would drive economic activity and create thousands of jobs across the country. "The projects getting under way include new roads, hospitals, schools, high-tech laboratories and other government buildings," Willis said. "That means spades in the ground, jobs throughout the country and a stronger economy. "Improving the quality of New Zealand's infrastructure is critical to growing the economy and helping Kiwis with the cost of living. "Good roads, schools and hospitals help business to move goods and services to market quickly and efficiently, children to learn and doctors and nurses to get patients back on their feet." The projects would create thousands of employment opportunities for New Zealanders, Bishop said. "Numbers vary according to the nature of projects, but data sourced from the Infrastructure Commission suggests each billion dollars of infrastructure investment per year equates to about 4500 jobs. "In total, workers are expected to start construction on $3.9 billion worth of roading projects in the next few months. "They include the Ōtaki to north of Levin expressway, the Melling interchange, the Waihoehoe Road upgrade, and the new Ōmanawa bridge on SH29. All will help to lift productivity by getting people and freight to their destinations quickly and safely. "Health projects kicking off include upgrades to Auckland City Hospital, Middlemore Hospital, and the construction of a new acute mental health unit at Hutt Valley Hospital. "Construction work on the new inpatients building at the new Dunedin Hospital has also just begun." Projects focused on improving school properties nearly $800 million in value would also be underway before the end of the year, he said. "Other government infrastructure projects due to start before the end of this year include a massive new state-of-the-art biosecurity facility in Auckland for the Ministry of Primary Industries and the Papakura District Court interim courthouse. "Importantly, this is just the start. The National Infrastructure Pipeline, managed by the Infrastructure Commission, now shows planned future projects totalling $207 billion across central government, local government and the private sector." Alongside the infrastructure update, Nicola Willis today released an update on the government's Infrastructure for Growth work programme. The update is the first refresh of the Going for Growth agenda launched in February to drive economic growth by backing business, improving infrastructure and skills, and removing barriers to innovation. Projects beginning construction • Hutt Valley Te Whare Ahuru Acute Mental Health Unit, Wellington • Kidz First and McIndoe Building Recladding, Middlemore Hospital, Auckland • Linear Accelerators Replacement, Auckland City Hospital, Auckland • Plant Health & Environment Capability Laboratory, Auckland • Papakura District Court Interim Courthouse, Auckland • Waihoehoe Road Upgrade, Auckland • SH22 (Drury) Corridor Upgrade - interim works, Auckland • SH29 Tauriko - Omanawa Bridge - Bay of Plenty • SH1 Ōtaki to north of Levin, Horowhenua • SH2 Melling Interchange, Wellington • SH76 Brougham Street, Canterbury • Rolleston Access Improvements - Package 1, Canterbury • Parliamentary Library - south building and underground carpark seismic strengthening & rebuild, Wellington • School property projects across the country including roll growth classrooms, upgrades and redevelopments & learning support satellite classrooms, administration blocks and gymnasiums.
Otago Daily Times
2 days ago
- Business
- Otago Daily Times
Infrastructure boost for jobs and growth, says govt
The government has released an infrastructure update showing that $6 billion of government-funded construction is due to start between now and Christmas. Prime Minister Christopher Luxon and other ministers joined him in the rural town of Drury, near Auckland, for the announcement this morning. In a statement, Minister for Economic Growth Nicola Willis and Minister for Infrastructure Chris Bishop said the projects would drive economic activity and create thousands of jobs across the country. "The projects getting under way include new roads, hospitals, schools, high-tech laboratories and other government buildings," Willis said. "That means spades in the ground, jobs throughout the country and a stronger economy. "Improving the quality of New Zealand's infrastructure is critical to growing the economy and helping Kiwis with the cost of living. "Good roads, schools and hospitals help business to move goods and services to market quickly and efficiently, children to learn and doctors and nurses to get patients back on their feet." The projects would create thousands of employment opportunities for New Zealanders, Bishop said. "Numbers vary according to the nature of projects, but data sourced from the Infrastructure Commission suggests each billion dollars of infrastructure investment per year equates to about 4500 jobs. "In total, workers are expected to start construction on $3.9 billion worth of roading projects in the next few months. "They include the Ōtaki to north of Levin expressway, the Melling interchange, the Waihoehoe Road upgrade, and the new Ōmanawa bridge on SH29. All will help to lift productivity by getting people and freight to their destinations quickly and safely. "Health projects kicking off include upgrades to Auckland City Hospital, Middlemore Hospital, and the construction of a new acute mental health unit at Hutt Valley Hospital. "Construction work on the new inpatients building at the new Dunedin Hospital has also just begun." Projects focused on improving school properties nearly $800 million in value would also be underway before the end of the year, he said. "Other government infrastructure projects due to start before the end of this year include a massive new state-of-the-art biosecurity facility in Auckland for the Ministry of Primary Industries and the Papakura District Court interim courthouse. "Importantly, this is just the start. The National Infrastructure Pipeline, managed by the Infrastructure Commission, now shows planned future projects totalling $207 billion across central government, local government and the private sector." Alongside the infrastructure update, Nicola Willis today released an update on the government's Infrastructure for Growth work programme. The update is the first refresh of the Going for Growth agenda launched in February to drive economic growth by backing business, improving infrastructure and skills, and removing barriers to innovation. Projects beginning construction • Hutt Valley Te Whare Ahuru Acute Mental Health Unit, Wellington • Kidz First and McIndoe Building Recladding, Middlemore Hospital, Auckland • Linear Accelerators Replacement, Auckland City Hospital, Auckland • Plant Health & Environment Capability Laboratory, Auckland • Papakura District Court Interim Courthouse, Auckland • Waihoehoe Road Upgrade, Auckland • SH22 (Drury) Corridor Upgrade - interim works, Auckland • SH29 Tauriko - Omanawa Bridge - Bay of Plenty • SH1 Ōtaki to north of Levin, Horowhenua • SH2 Melling Interchange, Wellington • SH76 Brougham Street, Canterbury • Rolleston Access Improvements - Package 1, Canterbury • Parliamentary Library - south building and underground carpark seismic strengthening & rebuild, Wellington • School property projects across the country including roll growth classrooms, upgrades and redevelopments & learning support satellite classrooms, administration blocks and gymnasiums.
