J Kumar Infraprojects Ltd has educated the bourses that it has gotten a letter of acceptance (LoA) from Mumbai Metropolitan Region Development Authority or MMRDA worth INR 1,307.88 crore.
The LoA is for the part plan and development of balance works of package CA04R raised viaduct and 10 elevated stations viz. Prem Nagar, ESIC Nagar, Khira Nagar, Indira Nagar, Nanavati Hospital, National College, Saraswat Nagar, Bandra Income Tax Office and ILFS (barring building completing and pre-designed steel and rooftop construction of stations) from Chainage 34,035.873 m to Chainage 46,860.384 m of line 2B (Mandale to DN Nagar) of Mumbai Metro Rail Project of MMRDA.
During Financial Year 2021, the organization got orders worth INR 2,259.4 crore. Its order book, as described on March 31, 2021, remains at INR 10,927.3 crore. The order book comprises metro 54%, flyover, spans and streets – 44% and common and other – 2%. Additionally, topography savvy, its request book comprises Maharashtra – 67.1 per cent, Delhi – 23%, Gujarat – 8.8 per cent and Uttar Pradesh – 1.1 per cent.
J Kumar Infraprojects is occupied with the execution of contracts of different framework projects, including irrigation projects, transportation designing, civil development, heaping work, and so on.
With this, the share price of J Kumar Infraprojects Ltd acquired 3.4% during Monday’s morning session and was seen exchanging at Rs 182.80 from its past close of Rs 176.85 on the NSE.
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