Rs 20,529 Crore Order Book: Railway Construction Company Bags New Order Worth Rs 1,20,87,67,805.34 From Mumbai Railway Vikas Corporation Ltd

The stock is up by 26.3 per cent from its 52-week low of Rs 536.25 per share and gave multibagger returns of over 300 per cent in 3 years.

J. Kumar Infraprojects Limited has secured a significant "Letter of Award" from Mumbai Railway Vikas Corporation Limited (MRVC), a Government of India PSU under the Ministry of Railways. This contract pertains to the crucial development of the 5th and 6th railway lines between Borivali and Virar stations, a key component of the Mumbai Urban Transport Project (MUTP) Phase IIIA. The project encompasses the construction of major bridges, a Railway Over Bridge (ROB), a vehicle subway, minor bridges, drainage systems, and extensive earthwork across designated chainage points. The total contract value is Rs 1,20,87,67,805.34, inclusive of GST, signifying a substantial infrastructure undertaking.

The awarded work involves the construction of Major Bridges (Br. 66, 72 & 78), ROB at Vasai, Vehicle Subway (Br. 71), Minor Bridges (Br. 79, 79A), Drain (CH: 54836 to CH: 55336) & Earthwork (CH: 38850 to CH: 39750 & CH: 53300 to CH: 55750) along the Borivali to Nallasopara section. J. Kumar Infraprojects Limited is expected to complete this project within a timeframe of 30 months. This domestic contract reinforces the company's position as a key player in railway infrastructure development and highlights its contribution to enhancing Mumbai's transportation network.

J Kumar Infraprojects Limited is engaged in the business of execution of contracts for various infrastructure projects, including transportation engineering, irrigation projects, civil construction & piling work, etc. The company has a market cap of over Rs 5,000 crore and shares have a PE of 16x whereas the industry PE is 25x. As of June 30, 2024, the company has an order book worth Rs 19.820 crore.

As of December 2024, Mukul Agrawal owns a 2.61 per cent stake and Sunil Singhania owns a 2.51 per cent stake. The stock is up by 26.3 per cent from its 52-week low of Rs 536.25 per share and gave multibagger returns of over 300 per cent in 3 years. Investors should keep an eye on this small-cap civil construction stock.

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