J Kumar Infraprojects shines as its JV gets LoA from BMC
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J Kumar Infraprojects is currently trading at Rs. 412.00, up by 8.45 points or 2.09% from its previous closing of Rs. 403.55 on the BSE.
The scrip opened at Rs. 408.45 and has touched a high and low of Rs. 414.40 and Rs. 408.45 respectively. So far 1878 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 432.85 on 12-Sep-2023 and a 52 week low of Rs. 216.45 on 21-Oct-2022.
Last one week high and low of the scrip stood at Rs. 411.10 and Rs. 390.00 respectively. The current market cap of the company is Rs. 3053.48 crore.
The promoters holding in the company stood at 46.65%, while Institutions and Non-Institutions held 23.36% and 30.00% respectively.
J Kumar Infraprojects’ joint venture (JV) -- J. Kumar - NCC JV has received Letter of Acceptance (LoA) on September 21, 2023 for the project: Design construction and operation of twin tunnel from Film City Goregaon to Khindipada (Amar Nagar) Mulund including Box Tunnel at Film City, Electrical, Mechanical and associated works from M/s Brihanmumbai Municipal Corporation (BMC) where the share of J. Kumar Infraprojects / JKIL is 49% of the total contract cost, amounting to Rs 3,087.53 crore (net of GST). The duration of the Project is 5 years and operation and the operation and maintenance of the project is for 10 Years.
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.
