J. Kumar Infraprojects Ltd receives LoA from Brihanmumbai Municipal Corporation

J. Kumar Infraprojects Ltd is in receipt of Letter of Acceptance from M/s. Brihanmumbai Municipal Corporation for the work - Design, Build and Commissioning of Priority Sewer Tunnel - Phase 2 from Goregaon, pumping station to new Malad IPS with segmental lining method for a total awarded contract cost of Rs. 515. 26, 33, 278 Crores (Rupees Five Hundred and Fifteen Crores Twenty- Six Lakhs Thirty Three Thousand Two Hundred and Seventy Eight Only) inclusive of GST, in the name of J. Kumar - MEPL (Joint Venture) where the share of M/s. J. Kumar Infraprojects Limited is 60% which comes to approximately Rs. 309. 15,79,967 Crores (Three Hundred and Nine Crores Fifteen Lakhs Seventy Nine Thousand Nine Hundred and Sixty Seven Only) inclusive of GST.

The scope of work: Design and construction of 2600 mm Internal Diameter (ID) tunnel by segmental lined bored method from Tunnel Shaft S08 to Tunnel Shaft S12, of total estimated length 4.75 km.

Shares of J.Kumar Infraprojects Limited was last trading in BSE at Rs. 239.70 as compared to the previous close of Rs. 246.00. The total number of shares traded during the day was 13105 in over 715 trades.

The stock hit an intraday high of Rs. 249.00 and intraday low of 237.75. The net turnover during the day was Rs. 3182126.00.

Source : Equity Bulls

Keywords

JKumarInfraprojects INE576I01022 JKIL LoA Construction Engineering OrderWin BMC