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J Kumar Infraprojects receives LoA of Rs352 crore from Municipal Corporation of Greater Mumbai

The total cost of the contract is Rs3,523,049,980.00 inclusive of Goods and Service Tax.

October 04, 2022 10:09 IST | India Infoline News Service
J. Kumar Infraprojects Ltd stocks in focus as the company received Letter of Acceptance (LoA) from Municipal Corporation of Greater Mumbai.

As per the regulatory filing, the company is in receipt of Letter of Acceptance (LOA) from Municipal Corporation of Greater Mumbai for the "Proposed re-construction of Siddharth Municipal General Hospital on land bearing CTS No.260/12, 266 & 267 A/1, at Siddharth Nagar, Goregaon (W) in P/S ward.

The total cost of the contract is Rs3,523,049,980.00 (Rupees Three Hundred and Fifty-Two Crores Thirty Lacs Forty Nine Thousand Nine Hundred and Eighty only), inclusive of Goods and Service Tax.

At around 10:06 AM, J Kumar Infraprojects Ltd is currently trading at Rs293.20 per share up by Rs2.75 or 0.95% from its previous closing of Rs290.45 per share on the BSE.

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