Company Profile

KSB has informed it enclosed a Press Release being issued by the Company for the first quarter ended 31st March, 2024.

The above information is a part of company’s filings submitted to BSE.

KSB is currently trading at Rs. 3641.40, up by 22.25 points or 0.61% from its previous closing of Rs. 3619.15 on the BSE.

The scrip opened at Rs. 3692.85 and has touched a high and low of Rs. 3707.65 and Rs. 3610.15 respectively. So far 868 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4211.20 on 19-Feb-2024 and a 52 week low of Rs. 1960.00 on 16-Mar-2023.

Last one week high and low of the scrip stood at Rs. 3857.95 and Rs. 3317.45 respectively. The current market cap of the company is Rs. 12673.01 crore.

The promoters holding in the company stood at 66.69%, while Institutions and Non-Institutions held 14.61% and 18.69% respectively.

KSB has received Letter of Award (LoA) under PM-Kusum III Scheme under Component B of Rs 63.22 crore for 2500 solar water pumping systems from Maharashtra Energy Development Agency. The sales/supply of products/services for these orders is expected from Quarter 2, 2024.

KSB is one of the world’s leading manufacturers of pumps and industrial valves. It is the brand with the greatest technical expertise in pumps and valves.

RailTel Corporation of India has received the work order from State Project Director (Spd) Bihar Education Project Council (Bepc) for Supply amounting to Rs 130.60 crore (Including Tax). The order is for Empanelment of Agency for Supply of Teaching Learning Material for Class I to V Under Rate Contract. The order is to be executed by June 13, 2024.

Ircon International has been awarded the Letter of Award (LoA) for construction of Twin Tube Uni-directional Aizawl Bypass Tunnel of 2.5 km and its approaches of 2.1 km from km 10.600 to km 15.200 (Package-2) on Sairang - Phaibawk section of NH-6 in the State of Mizoram on EPC Mode at a quoted bid price of Rs 630.66 crore. The company has received LoA from National Highways & Infrastructure Development Corporation (NHIDCL). The order is to be executed within 36 months.

KSB has received Letter of Award (LoA) under PM-Kusum III Scheme under Component B of Rs 63.22 crore for 2500 solar water pumping systems from Maharashtra Energy Development Agency. The sales/supply of products/services for these orders is expected from Quarter 2, 2024.

Rail Vikas Nigam has received Letter of Acceptance (LoA) from Maharashtra Metro Rail Corporation for ‘Design and Construction of Elevated Viaduct of Length 4.519 Kms from CH: (-) 1079.899m to CH: (-) 5599.298m between PCMC and NIGDI (Bhakti Shakti) on the North-South Corridor of Pune Metro Rail Project- Reach l -Extension.’ The total cost of project is Rs 339.23 crore. The order is to be executed within 130 weeks.

SJVN’s renewable arm -- SJVN Green Energy (SGEL) has received the Letter of Intent (LoI) from Gujarat Urja Vikas Nigam (GUVNL) for 200 MW Solar Project in GUVNL Phase–XXIII.  The project is expected to generate 508.40 million units in the 1st year after commissioning and the projected cumulative energy generation over a period of 25 years would be about 11698.16 million units. Commissioning of this Project is expected to reduce 573210 Tonnes of carbon emission and would contribute in GoI mission of reduction in carbon emission.

DroneAcharya Aerial Innovations has secured a supply order of drone controllers from the esteemed Northern Command. This contract signifies a significant milestone for DroneAcharya in its ongoing efforts to support defense initiatives and contribute to national security.

HCL Infosystems has received 2 (two) final arbitration awards of approx. Rs. 31 crore, in the arbitrations filed by the Company against one of the State Electricity Board regarding the Claims filed in respect of the RAPDRP and ERP Projects executed by the Company for the State Electricity Board. The monetary reliefs in favour of the Company as per the Award(s) for the principal amount, interest and litigation cost is Rs 31.08 crore.

KSB has received Letter of Award (LoA) under PM-Kusum III Scheme under Component B of Rs 63.22 crore for 2500 solar water pumping systems from Maharashtra Energy Development Agency. The sales/supply of products/services for these orders is expected from Quarter 2, 2024.

KSB is one of the world’s leading manufacturers of pumps and industrial valves. It is the brand with the greatest technical expertise in pumps and valves.

KSB has received orders of around Rs 267 crore for supply of Pumps for Kudankulam site, Tamil Nadu state, India. Scope of the order is supply of Pumps along with accessories including motors. The sales/ supply of products/ services for the order is expected from Q4 of FY25.

KSB is one of the world’s leading manufacturers of pumps and industrial valves. It is the brand with the greatest technical expertise in pumps and valves.