J Kumar - SMC JV receives LOA for Rs. 492.99 crores

J.Kumar - SMC (JV) a Joint Venture formed by the Company with M/s. SMC Infrastructures Private Limited (Joint Venture) has received Letter of Acceptance ("LOA") in the name of J. Kumar - SMC (JV) from Navi Mumbai Municipal Corporation for the work of "Construction of Creek Bridge Connecting Ghansoli- Airoli along Palm Beach Road at Ghansoli, Navi Mumbai on EPC Mode for the total contract cost amounting to Rs. 492,99,04,656/- (Rupees Four Hundred and Ninety Two Crores Ninety - Nine Lakhs Four Thousand and Six Hundred and Fifty Six only) (excluding GST) and the share of the Company is 70% (Seventy) i.e. amounting to Rs. 345,09,33,259 (Rupees Three Hundred and Forty Five Crores Nine Lakhs Thirty Three Thousand Two Hundred and Fifty Nine only) (excluding GST)

Shares of J.Kumar Infraprojects Limited was last trading in BSE at Rs. 645.30 as compared to the previous close of Rs. 645.55. The total number of shares traded during the day was 25093 in over 1750 trades.

The stock hit an intraday high of Rs. 657.90 and intraday low of 630.90. The net turnover during the day was Rs. 16224365.00.

Source : Equity Bulls

Keywords

JKumarInfraprojects INE576I01022 JKumarSMC JV OrderWin NaviMumbaiMunicipalCorporation