NCC Ltd - J Kumar Infraprojects Ltd JV wins order worth Rs. 6301.08 crores

NCC Limited has announced that the Joint Venture (JV) formed between the Company and J. Kumar Infra Projects Limited (JKIL) has been awarded the contract relating to "Design, Construction and Operation of twin tunnel from Film City Goregaon to Khindipada (Amar nagar) Mulund including box tunnel at Film City, Electrical, Mechanical and associated works" by Brihanmumbai Municipal Corporation vide LOA dated 21-09-2023. The sharing ratio of the parties in the JV is NCC (51%) & JKIL (49%). The value of the contract awarded is Rs.6,301.08 Crores (net of GST) and in terms of the contract conditions the project will be executed by a Special Purpose Vehicle to be formed for this purpose. The share of works to be executed by NCC works out to Rs.3,213.55 Crores approximately. The duration of the Project is 5 years and O&M is for 10 years.

Shares of J.Kumar Infraprojects Limited was last trading in BSE at Rs. 393.90 as compared to the previous close of Rs. 400.55. The total number of shares traded during the day was 19876 in over 1915 trades.

The stock hit an intraday high of Rs. 399.25 and intraday low of 390.00. The net turnover during the day was Rs. 7834977.00.

Shares of NCC Limited was last trading in BSE at Rs. 149.50 as compared to the previous close of Rs. 152.60. The total number of shares traded during the day was 173666 in over 1521 trades.

The stock hit an intraday high of Rs. 153.95 and intraday low of 148.85. The net turnover during the day was Rs. 26300643.00.

Source : Equity Bulls

Keywords

JKumarInfraprojects INE576I01022 JKIL NCC INE868B01028 JV OrderWin BMC