J. Kumar Infraprojects Ltd receives LOA from Bangalore Metro Rail Corporation Ltd

J. Kumar Infraprojects Ltd has announced the receipt of Letter of Acceptance (LOA) from M/s. Bangalore Metro Rail Corporation Limited for the "Construction of Airport Depot for Bangalore Metro Rail Project - Phase - 2B" for a total contract cost of Rs. 182, 33, 99, 706/- (Rupees One Hundred and Eight Two Crores Thirty-Three Lacs Ninety-Nine Thousand Seven Hundred and Six only), exclusive of GST, in the name of J. Kumar - AICPL (Joint Venture) where the share of M/s. J. Kumar Infraprojects Limited is 55% which comes to approximately Rs. 100, 28, 69, 838/- (Rupees One Hundred Crores Twenty-Eight Lacs Sixty-Nine Thousand Eight Hundred and Thirty-Eight only) exclusive of GST.

Shares of J.Kumar Infraprojects Limited was last trading in BSE at Rs. 238.60 as compared to the previous close of Rs. 242.75. The total number of shares traded during the day was 6366 in over 659 trades.

The stock hit an intraday high of Rs. 243.55 and intraday low of 232.85. The net turnover during the day was Rs. 1510490.00.

Source : Equity Bulls

Keywords

JKumarInfraprojects INE576I01022 LOA BangaloreMetroRailCorporation