J. Kumar Infraprojects Ltd receives LoAs worth Rs. 2487.65 crores

J. Kumar Infraprojects Limited is in receipt of Letter of Acceptances worth ₹ 2,487.65 crores:

1. From Mumbai Metro Rail Corporation Limited, for the work: Design & Construction of Pedestrian Vestibule Underground connecting Science Centre Metro station and Worli Promenade through Mahalaxmi Racecourse, for total contract cost amounting to ₹ 521.77 crores (excluding GST).

2. From MCGM (Municipal Corporation of Greater Mumbai), for the work: Design & Construction of Part A: Construction of Vehicular Bridges & Elevated Road over Nalla connecting MDP Road to Ryan International school with construction of Additional arms from Charkop Junction to Ryan Internation school and widening of the existing MaladMarve Road by 3.65m on opposite of RG Plot from Mahakali Junction upto Nalla towards Mith Chowky near Giridhar Park at Malad Marve Road, Malad (W) in P/North Ward. And Part B: Construction of Vehicular Bridge from Lagoon Road to Infinity Mall, Malad (W) in P/North Ward for total contract cost amounting to ₹ 1,965.88 crore in the name of J. KUMAR-RPS (JV). J. Kumar Infraprojects Limited share in the said JV is 73% i.e. ₹ 1,435.09 crores.

Shares of J.Kumar Infraprojects Limited was last trading in BSE at Rs. 521.15 as compared to the previous close of Rs. 514.85. The total number of shares traded during the day was 43045 in over 2192 trades.

The stock hit an intraday high of Rs. 549.65 and intraday low of 509.35. The net turnover during the day was Rs. 22782788.00.

Source : Equity Bulls

Keywords

JKumarInfraprojects INE576I01022 JKIL LoAs