J Kumar Infraprojects JV bags LoA from BMC for Rs342.60 crore order; Stock up 2%

6 Jul 2022 , 09:18 AM

J Kumar Infraprojects Ltd has received Letter of Acceptance, Brihanmumbai Municipal Corporation (Mumbai Sewage Disposal Project) for the work as under:

Design, Build and Commissioning of Priority Sewer Tunnel – Phase I from Don Bosco to New Malad IPS with Segment lining method amounting to Rs571,01,41,320/- inclusive of all taxes, in the name of J. Kumar Infraprojects Limited – Michigan Engineers Private Limited (Joint Venture).

The share of J. Kumar Infraprojects Limited is 60% which comes to approximately Rs342,60,84,792/- inclusive of all taxes.

At around 9:17 AM, J Kumar Infraprojects was trading at Rs292.90 per share up by Rs5.3 or 1.84% from its previous closing of Rs287.60 per share on the BSE.