Rs 12,906 million order on hand: Pumps manufacturer bags boiler feed pumps order from Larsen & Toubro Ltd
The stock gave multibagger returns of over 200 per cent in just 3 years and a whopping 800 per cent in 5 years.
KSB Limited has secured a significant domestic order from Larsen & Toubro Limited (L&T) for the supply of Boiler Feed Pumps. These critical components are destined for NTPC's supercritical power plant projects, specifically the Gadarwara STPP Stage-II (2x800 MW) and Nabinagar STPP Stage-II (3x800 MW) facilities. This prestigious contract further solidifies KSB Limited's position in India's conventional energy market, providing them with a valuable opportunity to expand their presence in this vital sector.
The order entails the delivery of a total of 15 sets of main boiler feed pumps, along with booster pumps, motors, and essential accessories, for both power plants. The execution of this substantial order is expected to take place between 20 to 28 months from the contract award date, with payments structured based on predefined milestones.
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About the Company
KSB Limited manufactures power-driven pumps and industrial valves. The Company produces and distributes a range of control valves, desuperheaters, actuators, and spare parts. KSB serves energy, oil and gas, water and construction industries in India. The company's export business is seeing an upward trend and Significant growth in the Solar business - Qualification in SECI (Solar Energy Corporation of India) tender
The company has a market cap of over Rs 14,000 crore, delivered good profit growth of 22 per cent CAGR over the last 5 years and has been maintaining a healthy dividend payout of 29 per cent. The company order on hand at Rs 12,906 million, including nuclear orders.
The stock’s 52-week high is Rs 1,057.54 and its 52-week low is Rs 585. The stock gave multibagger returns of over 200 per cent in just 3 years and a whopping 800 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.