J Kumar Infraprojects touches roof as its JV receives LOA for project worth Rs 5,012 crore

26 Aug 2016 Evaluate

J Kumar Infraprojects is locked at upper circuit at Rs. 162.15, up by 7.70 points or 4.99% from its previous closing of Rs. 154.45 on the BSE.

The scrip opened at Rs. 162.15 and has touched a high and low of Rs. 162.15 and Rs. 162.15 respectively. So far 2,568 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 449.75 on 06-Oct-2015 and a 52 week low of Rs. 105.80 on 17-Aug-2016.

Last one week high and low of the scrip stood at Rs. 162.15 and Rs. 143.50 respectively. The current market cap of the company is Rs. 1,226.92 crore.

The promoters holding in the company stood at 43.47%, while Institutions and Non-Institutions held 43.99% and 12.54% respectively.

Mumbai-based leading infrastructure company, J Kumar Infraprojects’ in joint venture (JV) has bagged an order aggregating worth Rs 5,012 crore. J Kumar - CRTG JV has signed an agreement with the Mumbai Metro Rail Corporation (MMRC) on August 24, 2016 for Phase-3 of the city metro. MMRC had issued the Letter of Award (LOA) to J Kumar - CRTG JV for the 3rd phase of the Metro project and the project was assigned to JV last month, on the July 05, 2016.

The LOA consist of Design and Construction of Underground sections including four underground stations at Dharavi, BKC, Vidhyanagari and Santacruz and associated tunnels worth Rs 2,858 crore (approximately). The LOA also consist of Design and construction of underground sections including CSIA domestic airport, Sahar Road and CSIA International airport and associated bored tunnels worth of Rs 2,153 crore (approximately).

The civil contractors for this project were selected in accordance with the JICA procurement guidelines through an international competitive bidding. The 33.5 km long, Metro -3 corridor will stretch across 27 stations and will be built underground. The requisite preparatory work e.g. conducting surveys and related investigations are in progress and the project work is likely to commence in the month of October 2016.

J. Kumar Infraprojects is engaged in the business of civil engineering construction contractors in Infrastructural projects mainly in roads, flyovers, bridges, commercial and residential buildings, sports complexes, irrigation projects, airport contracts.


J Kumar Infraproject Share Price

687.50 38.90 (6.00%)
29-Apr-2024 16:01 View Price Chart
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Company Name CMP
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Rail Vikas Nigam 288.80
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