J Kumar Infraprojects receives LoA from NHAI

J Kumar Infraprojects today informed the bourses that it has received Letter of Acceptance (LoA) from National Highways Authority of India.

The LoA pertains to the construction of Dwarka Expressway from Road Under Bridge (RUB) near Sector 21, Dwarka to Delhi Haryana border on EPC mode. The project is amounting to Rs 1540 crore.

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

J Kumar Infraprojects is engaged in construction activities. The company designs and constructs roads, bridges, flyovers, subways, over-bridges, skywalks and railway terminus/stations, among others.

Today, the stock of J Kumar Infraprojects opened at Rs. 132.30 and made an intra-day high and low of Rs. 136.85 and Rs. 123, respectively, and finally settled at Rs. 123 on the BSE.