Published On:December 5 2023
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J Kumar Infraprojects Lands Contract Valued at ₹378 Crores, Sparking Surge in Share Prices
In a significant development, J Kumar Infraprojects has successfully clinched a lucrative contract from the Mumbai Metropolitan Region Development Authority (MMRDA). The contract, valued at a staggering ₹378 crores, is earmarked for the design and construction of a crucial flyover (missing links) spanning from Link Road, Andheri (West) to Poonam Nagar (JVLR), strategically positioned along the alignment of Metro Line - 6 as part of the Mumbai Metro Rail Project.
Details disclosed in the company's official stock exchange filing reveal that the comprehensive contract, excluding GST, stands at ₹378,70,38,350. The stipulated timeline for the project execution spans 30 months, marking a significant milestone for J Kumar Infraprojects in bolstering its portfolio and contributing to the infrastructural development landscape.
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