BLK bags ₹495.86 crore build contract for Signature Global's Gurugram towers

Construction company B.L. Kashyap & Sons Ltd (BLK) has won a work order worth ₹495.86 crore, excluding GST, from Signature Global (India) Ltd for the Tonino Lamborghini Residences project in Sector 71, Gurugram. BLK disclosed the award to stock exchanges in a filing dated 24 October 2026. Signature Global made the order public on 30 October 2026.

What the contract covers

The filing says BLK will carry out civil structure work and part of the mechanical, electrical and plumbing (MEP) works for four towers and basements, along with residential and commercial ancillary buildings. The project is marketed as five towers rising to G+41 floors, so the contract covers the scope listed in the filing rather than the full project. The letter of award was received and accepted on 23 October 2026 at 4:15 pm.

The work is scheduled to take about 40 months from the date of site handover. The filing does not state when that handover will take place, so the start of the timeline is still open.

BLK said in its filing that no promoter or promoter group companies hold an interest in the client. The filing classifies the order as domestic in nature.

Size against BLK's order book and the developer's pipeline

BLK's order book stood at ₹4,712 crore as of 30 June 2026. At ₹495.86 crore, the new award is about 10.5% of that figure. BLK has also announced earlier orders of ₹364.07 crore and ₹615.69 crore. The share price rose about 4% after the award was made public.

On the developer side, Signature Global said Phase 1 of the Tonino Lamborghini Residences has completely sold out, according to a joint press release with the brand. The company says Phase 2, with a similar number of units, will launch soon from the brand's headquarters in Bologna. No official Phase 2 price list has been published.

Signature Global has also acquired 194.22 acres of land in Farrukhnagar, Gurugram, which it says has a revenue potential of up to ₹6,000 crore. Lalit Aggarwal, co-founder and vice chairman of Signature Global (India) Ltd, said the contract takes the project a step closer to completion. "Our focus now is on building well, maintaining quality at every stage, and delivering homes that live up to the standards the Tonino Lamborghini name represents," he said.

What investors will watch

• The site handover date, which starts the 40-month execution period
• Quarterly results from BLK for the flow of new orders against its order book
• The launch date and pricing of Phase 2 from Signature Global
• Further construction awards from Signature Global's Gurugram and Farrukhnagar projects

For now, the key number is the 40-month execution period. Its start date will show when BLK begins recognising revenue from this contract and how much of the ₹495.86 crore it can book in each period.