3 days ago
Shares of J Kumar Infraprojects Ltd ended at ₹773.75, down by ₹2.45, or 0.32% on the BSE.
Construction and infrastructure development company J Kumar Infraprojects Ltd on Wednesday (December 18) said it has secured a ₹632 crore contract from NBCC (India) Ltd, a government enterprise, for the development of Delhi Transport Corporation's (DTC) Hari Nagar colony.
"...we are pleased to inform you that the company is in receipt of "Letter of Award" from NBCC (India) Ltd, (a Government of India Enterprise) for the project: 'Development of Hari Nagar colony of Delhi Transport Corporation (DTC) in Delhi' for the total contract value amounting to ₹632,00,00,000 ... which is inclusive of all taxes, duties, cess, statutory levies," J Kumar Infraprojects said in a regulatory filing.
The total contract value, including all taxes and levies, is subject to adjustment based on any changes in the GST rate on works contracts. The project is expected to be completed within 27 months.
Also Read: J Kumar Infra wins order worth ₹298 crore from Pune Municipal Corporation
In October, J Kumar Infraprojects received an order worth ₹1,847.72 crore in Thane, Maharashtra. The construction engineering company has informed the bourses that the Mumbai Metropolitan Region Development Authority (MMRDA) has awarded it with a Letter of Acceptance (LoA) for designing and constructing an elevated road in Thane.
As per the details of the project, J Kumar Infraprojects will design and construct the elevated road from Anand Nagar to Saket on the Eastern Highway. The project has a completion deadline of 48 months.
Shares of J Kumar Infraprojects Ltd ended at ₹773.75, down by ₹2.45, or 0.32%, on the BSE.
Also Read: J Kumar Infraprojects targets over 15% revenue growth in FY25
