DSIJ Mindshare

The company's standalone revenue for the quarter Q2FY19 came in at Rs. 242.91 crore as against Rs. 179.64 crore in the corresponding quarter last year, registering an increase of 35.2 per cent YoY.

During the quarter, the company sold 83,175 MT of Plastic goods as against sales of 79,029 MT in Q2FY18. Further, under its construction business, the company has realised Rs. 80.85 crores from sale of 38,718 sq. ft. of the premises.

The company’s highest contributing segment, Cranes has registered 51 per cent growth in the revenue. Other segments like Construction equipment and Agri equipment also increased in terms of revenue by 15 per cent and 18 per cent, respectively. Whereas, its material handling segment registered marginal decline in its revenue by 4.5 per cent.

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.

After two consecutive weekly downbeats, the Indian stock markets kicked-off the week with a spike. The benchmark indices surged 2.2 per cent with Nifty and Sensex gaining 229 and 745 points, respectively from their previous close.