J Kumar Infraprojects Ltd JV gets LOA from Greater Mumbai Corporation

The company has received Letter of Acceptance from M/s. Municipal Corporation of Greater Mumbai for Mithi Package IV: Diversion of Dry Weather Flow from Bapllt Nalla and Safed Put Nalla to Dhan1vi WwTF through Tunnel worth Rs. 455,34,88,635.28 (Four Hundred Fifty Five Crores, Thirty Four Lllldls, Eighty Eight Thousands Six Hundred Thirty Five Rupees and Twenty Eight Paise Only) in the name of M/s. J. Kumar Infraprojects - M/s. Michigan Engineers Pvt. Ltd. (JV), where M/s. J. Kumar Infraprojects share is 51% (Fifty-One) which comes to around Rs. 232,22,79,203.99/- (Rupees Two Hundred Thirty Two Crores Twenty Two Lakhs Seventy Nine Thousand Two Hundred Three and Ninety Nine Paise Only.

Shares of J. Kumar Infraprojects Limited was last trading in BSE at Rs. 194.95 as compared to the previous close of Rs. 193.8. The total number of shares traded during the day was 23634 in over 807 trades.

The stock hit an intraday high of Rs. 200.35 and intraday low of 192.5. The net turnover during the day was Rs. 4623959.

Source : Equity Bulls

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