J Kumar Infraprojects shines on bagging LoA worth Rs 1020.70 crore from CIDCO
J Kumar Infraprojects is currently trading at Rs. 698.15, up by 20.00 points or 2.95% from its previous closing of Rs. 678.15 on the BSE.
The scrip opened at Rs. 685.00 and has touched a high and low of Rs. 705.00 and Rs. 683.20 respectively. So far 21045 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 935.50 on 03-Jul-2024 and a 52 week low of Rs. 560.55 on 15-Apr-2024.
Last one week high and low of the scrip stood at Rs. 705.00 and Rs. 654.85 respectively. The current market cap of the company is Rs. 5279.94 crore.
The promoters holding in the company stood at 46.65%, while Institutions and Non-Institutions held 26.67% and 26.68% respectively.
J Kumar Infraprojects has received ‘Letter of Acceptance’ (LoA) from M/s City and Industrial Development Corporation of Maharashtra (CIDCO) for the project of ‘design and construction of coastal road from Jalmarg Sector-16, Kharghar to PMAY Housing scheme near Kharghar Railway Station and Pedestrian Underpass near Delhi Public School, Nerul, Navi Mumbai’ for the total contract value amounting to Rs 1020.70 crore. The contract is to be executed within 30 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.
