J Kumar Infraprojects receives LoA from MMRDA

Mumbai-based construction company, J Kumar Infraprojects announced that it received a Letter of Acceptance (LoA) from Mumbai Metropolitan Region Development Authority (MMRDA) on Monday. 
  
The company engages in construction activities which includes design and construction of roads, bridges, flyovers, subways, over bridges, skywalks and railway terminus/stations, among others. The  Letter of Acceptance (LoA) from Mumbai Metropolitan Region Development Authority is for Design & Construction of an elevated road between Mulund-Airoli Creek Bridge (Airoli end) and Thane-Belapur Road for Rs 275.90 crore. 
  
On Monday, at 2.40 PM, the stock of  J Kumar Infraprojects traded at price of Rs. 120.80 per share, which was 0.21 per cent higher than its previous closing on BSE. It touched an intraday high of Rs. 123.85 per share, while its day's low was Rs. 118 per share. 

Meanwhile, the benchmark index BSE Sensex was trading at 33,824, up by 475 points. The company has a promoter shareholding of 45 per cent.