J Kumar Infraprojects climbs on receiving LoA worth Rs 582.68 crore
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J Kumar Infraprojects is currently trading at Rs. 451.15, up by 10.60 points or 2.41% from its previous closing of Rs. 440.55 on the BSE.
The scrip opened at Rs. 436.10 and has touched a high and low of Rs. 455.40 and Rs. 436.10 respectively. So far 21782 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 473.40 on 18-Oct-2023 and a 52 week low of Rs. 229.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 455.60 and Rs. 434.80 respectively. The current market cap of the company is Rs. 3397.38 crore.
The promoters holding in the company stood at 46.65%, while Institutions and Non-Institutions held 24.80% and 28.55% respectively.
J Kumar Infraprojects has received Letter of Acceptance (LoA) for the Project of Construction of 4 Lane Elevated Corridor in Grand Sourthern Trunk Road from Km 6/0 to 9/2 (Teynampet to Saidapet) on Engineering, Procurement & Construction (EPC) Mode from the Superintending Engineer, Highway Department, Construction and Maintanance, Chennai Circle, Chennai for the total contract cost amounting to Rs 582.68 crore. The said order is expected to be completed in 24 months.
J Kumar Infraprojects is engaged in construction activities. The company designs and constructs roads, bridges, flyovers, subways, over bridges, skywalks and railway terminus/stations, among others.
