J.Kumar Infraprojects Limited has informed the Exchange about Awarding of order(s)/contract(s)-Receipt of Letter of Acceptance for the project: Construction of Foot Over Bridge for Mumbai Metro Line 4, 4A at Pant Nagar, Vikhroli, Bhandup and Vijay Garden Metro Station Package 2 from M/s. Mumbai Metropolitan Region Development Authority (MMRDA) for the total contract cost amounting to Rs. 129.04 Crore (excluding GST) in which J. Kumar Infraprojects Limited share is 60% i.e. Rs. 77.42 Crore
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J.Kumar Infraprojects has received a Letter of Acceptance from MMRDA for constructing Foot Over Bridges at four Mumbai Metro Line 4/4A stations — Pant Nagar, Vikhroli, Bhandup, and Vijay Garden (Package 2). The total contract is worth Rs. 129.04 Crore (excluding GST), of which J.Kumar's share is 60%, or Rs. 77.42 Crore, executed through a joint venture called J. KUMAR-PRS (JV). The project must be completed within 15 months. This is a domestic government order with no related-party involvement.
This is a modest, order-book addition for J.Kumar and signals continued momentum in its Mumbai metro infrastructure business, though it is unlikely to move the stock significantly on its own given the size relative to the company's overall order book.