B.L Kashyap – A Quality, Integrity & Innovation Driven Company
B. L. Kashyap and Sons Ltd. (BLK),
For B.L Kashyap, from an industry perspective, 2017 so far has been an eventful one with the carry-over effects of demonetization, changes in labour norms (such as KYC of workers and bank account holders and changes in payment modes). With the GST rollout and RERA coming into effect, it has been a year of upheavals! The Industry is still feeling the effects of these policy changes and will probably be sluggish for another two to three quarters or so.
At the company level, we welcome these changes, and feel that they will be positive in the long run by bringing in a level playing field for large and mid-size construction operators like us as well as for small scale contractors, and eventually benefiting the consumers.
Currently, BLK is executing projects for the Embassy Group in the south, and IREO, BPTP, Emmar,
a leading Construction, Infrastructure and Civil Engineering company, is registering average growth of 15-20% annually. It has been instrumental in constructing some of the country’s leading buildings and infrastructure, and is currently involved in several metro and airport projects.
attributes the company’s performance to the use of cutting edge technical systems and management integration. Blackstone Oxygen, Hero Group and Burman in the NCR. One of our recent Marque projects was the Composite Commercial Space of 34.5 lakh sq.ft. in Bangalore, which we delivered to the client in just 15 months.
Commercial projects (offices and malls) are generating most of our revenue currently, followed by residential and government projects.
What opportunities do you see for BLK in infrastructure development such as Airports and Metro rails?
We believe opportunities are abundant for us for EPC contracting, but what is holding us back currently is the environment. We are amongst the few companies that have a track record for executing large projects on time and with the desired quality required by clients.
How has the year 2017 been for BLK with respect to major projects?