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

J. Kumar Infraprojects Ltd has received Letter of Acceptance from M/s. Bangalore Metro Rail Corporation Limited for the "Construction & Remoting of existing Baiyappanahalli Depot for Bangalore Metro Rail Project - Phase - 2A" for a total contract cost of Rs. 249, 19, 35, 187/- (Rupees Two Hundred and Forty-Nine Crores Nineteen Lakhs Thirty Five Thousand One Hundred and Eighty Seven 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. 137,05,64,353/- (Rupees One Hundred Thirty Seven Crores Five Lacs Sixty-Four Thousand Three Hundred and Fifty-Three only) exclusive of GST.

Shares of J.Kumar Infraprojects Limited was last trading in BSE at Rs. 246.00 as compared to the previous close of Rs. 245.70. The total number of shares traded during the day was 1825 in over 184 trades.

The stock hit an intraday high of Rs. 248.30 and intraday low of 243.00. The net turnover during the day was Rs. 445477.00.

Source : Equity Bulls

Keywords

JKumarInfraprojects INE576I01022 JKIL JV LoA BangaloreMetroRailCorporation