Hot Pursuit     17-Oct-23
JKumar Infra rises after securing LoA for Hospital in Lucknow
J.Kumar Infraprojects advanced 2.95% to Rs 466.30 after the company has received a letter of acceptance (LoA) for Command hospital in Lucknow .
The LoA includes project of Provn of Tech Accn and Allied Infra for Command Hospital, Lucknow on EPC Mode.

The value of the said contract is Rs 509 crore. The project has to be executed within a period of 30 months for Phase I (Construction) & 60 months for Phase II (Maintenance)

J.Kumar Infraprojects operates as a civil engineering and infrastructure development company. The Company focuses on the development of roads, flyovers, bridges, railway buildings, sports complexes and airport runways.

The company's standalone net profit rose by 17.6% to Rs 72.83 crore on 13.8% increase in revenue from operations to Rs 1,131.32 crore in Q1 FY24 as compared with Q1 FY23.

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