J Kumar Infra receives contract from MMRDA

Mumbai-based construction company, J Kumar Infraprojects, on Friday, announced in a stock exchange filing that it has received a Letter of Acceptance (LoA) from Mumbai Metropolitan Region Development Authority (MMRDA).

The company, in detailed statement, said that it has received Letter of Acceptance (LoA) from Mumbai Metropolitan Region Development Authority (MMRDA) for contract of design and construction of Elevated Viaduct and Nine Elevated Stations. The LoA is excluding architectural finishes and PEB Roof Structure. Also, the stated LoA is including two flyovers and underground twin tunnel, Cut and Cover, Ramp and one Underground Station which includes Architectural Finishes and PEB Structures, for Corridor of Mumbai Metro Line 9 i.e. extension of Line 7 from Dahisar (East) to Mira Bhayandar and Andheri to CSIA of Mumbai Metro Rail project of MMRDA for Rs. 1,998 crore.

The company boasts the order book of Rs. 10,372.4 crore as on FY19, which gives strong revenue visibility for the company in the long term.

J Kumar Infraprojects is engaged in construction business which includes design and construction of roads, bridges, flyovers, subways, over bridges, skywalks and railway terminus/stations, among others.

At 2.20 pm, the stock of J Kumar Infra was trading at Rs. 131.30 per share , up by 2.34 per cent on BSE.