Hot Pursuit     04-Dec-23
J Kumar Infra gains on bagging Rs 379-cr LoA from MMRDA
J Kumar Infraprojects rose 2.36% to Rs 437.40 after the company received letter of acceptance (LoA) from Mumbai Metropolitan Region Development Authority (MMRDA) amounting to Rs 378.70 crore.
The project includes design and construction of the flyover (missing links) from Link Road, Andheri (West) to Poonam Nagar (JVLR) adjacent to the alignment of Metro Line - 6 of Mumbai Metro Rail Project of MMRDA.

The construction project is worth Rs 378.70 crore and will be executed within 30 months.

J Kumar Infraprojects is engaged in the business of execution of contracts of various infrastructure projects including Transportation Engineering, Irrigation Projects, Civil Construction and Piling Work etc.

The company’s standalone net profit rose 8.7% to Rs 73.44 crore on 9% jump in net sales to Rs 1104.18 crore in Q2 FY24 over Q2 FY23.

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