J. Kumar Infraprojects Secures ₹ 2,487.65 Crore in Letters of Acceptance for Metro and Mumbai Projects
J. Kumar Infraprojects Ltd has announced that it has received Letters of Acceptance (LOAs) totaling ₹ 2,487.65 crores for major infrastructure projects in Mumbai, spanning contracts with the Mumbai Metro Rail Corporation Limited and the Municipal Corporation of Greater Mumbai (MCGM).The company secured two primary contracts, detailing significant construction and design work in the region.
The first Letter of Acceptance is from the Mumbai Metro Rail Corporation Limited. This contract is for the Design and Construction of a Pedestrian Vestibule Underground connecting Science Centre Metro station and Worli Promenade through Mahalaxmi Racecourse, with a total contract cost of ₹ 521.77 crores (excluding GST).
The second major acceptance is from MCGM (Municipal Corporation of Greater Mumbai). This extensive contract covers two distinct parts of work:
1. Part A: Construction of Vehicular Bridges & Elevated Road over Nalla connecting MDP Road to Ryan International school. This scope includes building additional arms from Charkop Junction to Ryan International school, and widening the existing Malad-Marve Road by 3.65m on the opposite side of RG Plot from Mahakali Junction up to Nalla towards Mith Chowky near Giridhar Park at Malad Marve Road, Malad (W) in P/North Ward.
2. Part B: Construction of a Vehicular Bridge from Lagoon Road to Infinity Mall, Malad (W) in P/North Ward.
The total contract cost for the MCGM works amounts to ₹ 1,965.88 crores. J. Kumar Infraprojects Limited is participating in this work through a Joint Venture (JV), in which the company holds a 73% share, valued at ₹ 1,435.09 crores.
The financial breakdown of the received letters of acceptance is as follows:
| Source of LOA | Scope of Work | Total Contract Cost | J. Kumar Infraprojects Share |
|---|---|---|---|
| Mumbai Metro Rail Corporation Limited | Underground Pedestrian Vestibule | ₹ 521.77 crores (excluding GST) | N/A |
| MCGM | Vehicular Bridges & Elevated Road (Parts A & B) | ₹ 1,965.88 crores | ₹ 1,435.09 crores (73%) |
| Total | ₹ 2,487.65 crores |
JKIL Stock Price Movement
Shares of J.Kumar Infraprojects Limited are rallying to ₹532 as of 2:29 PM, fueled by a solid 3.28% gain for the day. The stock is seeing significant buying interest in live trading, with 203,577 shares trading today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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