J Kumar Infraprojects climbs on getting LoA from MMRDA worth Rs 1,307.88 crore

J Kumar Infraprojects Ltd has informed the bourses that it has received a letter of acceptance (LoA) from Mumbai Metropolitan Region Development Authority (MMRDA) worth Rs 1,307.88 crore. 

The LoA is for part design and construction of balance works of package CA04R elevated viaduct and 10 elevated stations viz. ESIC Nagar, Prem Nagar, Indira Nagar, Nanavati Hospital, Khira Nagar, Saraswat Nagar, National College, Bandra Income Tax Office & ILFS (excluding architectural finishing & pre-engineered steel & roof structure of stations) from Chainage 34,035.873 m to Chainage 46,860.384 m of line 2B (DN Nagar to Mandale) of Mumbai Metro Rail Project of MMRDA. 

During FY21, the company received orders worth Rs 2,259.4 crore. Its order book as of March 31, 2021, stands at Rs 10,927.3 crore. Segment-wise, the order book consists of metro-54 per cent, flyover, bridges & roads – 44 per cent and civil & other – 2 per cent. Also, geography-wise, its order book consists of Maharashtra – 67.1 per cent, Delhi – 23 per cent, Gujarat – 8.8 per cent and Uttar Pradesh – 1.1 per cent. 

J Kumar Infraprojects is engaged in the business of execution of contracts of various infrastructure projects including transportation engineering, irrigation projects, civil construction, and piling work etc. 

With this, the stock of J Kumar Infraprojects Ltd gained 4.9 per cent during Monday's morning session and was seen trading at Rs 185.20 from its previous close of Rs 176.55 on BSE.