J Kumar Infra receives LoA, stock surges

J Kumar Infraprojects, a Mumbai based infrastructure company, announced that it secured a new order in the capital city of Delhi for road construction from the National Highway Authority. 
  
The company has received letter of acceptance (LoA) for construction of Dwarka Expressway from Shiv Murti intersection at km 20 of NH - 8 till rail under Bridge (RUB) near Dwarka sector - 21, from km 0.800 to km 5.300 package - I in the state of Delhi on EPC mode amounting to Rs. 1,349 crore. In recent times, this is the third large order that the company has received. As per the annual report published in March 2018, the overall order book of the company stood at Rs. 7,480 crore. 
  
J Kumar Infra is an engineering construction company engaged in the business of execution of contracts of various infrastructure projects including Transportation Engineering, Irrigation Projects, Civil Construction and Piling. 
  

Reacting positively to the development, the stock of J Kumar Infraprojects touched an intraday high of Rs. 138.65 per share. The stock closed at Rs. 137.45 per share, up by 18.95 per cent than its last close on BSE Sensex, very closed to its upper circuit limit of 20 per cent. While the benchmark index BSE Sensex closed 77 points higher at 36,347.