Rs 11,854 crore order book: This multibagger civil construction company receives 4 new orders worth Rs 3,401 crore from NHAI!

Shares of the company gained more than 35 per cent in the last six months.

J Kumar Infraprojects Limited informed in the exchange filing that the company has received four new orders worth Rs 3,401 crore from the National Highway Authority of India, out of which 02 (two) LOA are received in the name of the Company (the sole bidder) and 02 (two) LOA is received in the name of M/s. J. KUMAR-AZVIRT (JV), where the share of the Company is 90% of the total contract cost.

The first order is for the construction of a new double tier 4-lane elevated corridor from Chennai Port to Maduravoyal in Chennai District on EPC mode under Bharatmala Pariyojana in the State of Tamil Nadu Package 1. The remaining three orders are also for Tamil Nadu with different packages, Package 2, Package 3, and Package 4.

J Kumar Infraprojects is engaged in engineering, procurement, and construction services of urban infrastructure and specializes in the construction of metro projects both elevated and underground, flyovers, bridges, and roads. The company has also diversified into water and sewerage works projects.

Today, the stock opened at Rs 360.05, with a high and low of Rs 371.95 and Rs 357.25. The stock closed trading at Rs 370.40, up by 2.02 per cent.

The company has more than Rs 11,854 crore worth of order books. The shares of the company gained more than 290 per cent in the last three years and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.