The LoA awarded is the for the Proposed re-construction of Siddharth Municipal General Hospital on land at Siddharth Nagar, Goregaon (W), in P/S ward for a total lumpsum contract cost of Rs 3,52,30,49,980.

J. Kumar Infraprojects is focused on EPC projects, having strong foothold in various sectors like urban infrastructure, transportation engineering, piling & civil construction etc.

The company's net profit surged 93% to Rs 62 crore in Q1 FY23 from Rs 32 crore in Q1 FY22. Revenue from operations during the quarter increased by 47% YoY to Rs 994 crore.

The scrip fell 3.93% to currently trade at Rs 288.35 on the BSE.