Hot Pursuit     27-Mar-23
J Kumar Infra JV bags LoA from BMC
J Kumar Infraprojects said that its joint venture (JV), J. Kumar – MEPL received letter of acceptance (LoA) from Brihanmumbai Municipal Corporation (BMC) to construct sewer tunnel from Goregaon, pumping station to Malad with segmental lining method.
The scope of work includes design and construction of 2,600 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.

The total cost of project is Rs 515.26 crore. J Kumar Infraprojects' share in the contract is 60% or Rs 309.15 crore. The project will be executed within 42 months from the date of commencement of work.

Mumbai-based J Kumar Infraprojects is a construction company. On a consolidated basis, the company reported a 21.1% jump in net profit to Rs 71.08 crore on a 10% increase in net sales to Rs 1,062.39 crore in Q3 FY23 over Q3 FY22.

The scrip was down 0.63% to Rs 238.20 on the BSE.

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