J Kumar Infra bags 2 Civil Contract from MMRDA worth Rs.2,340 crores!

The company has won an order from Mumbai Metropolitan Region Development Authority (MMRDA) for constructing and designing elevated viaducts and nine elevated stations for Mumbai Metro line 9.

MUMBAI: The Mumbai Metropolitan Region Development Authority (MMRDA) has today issued two contract orders to major infrastructure company J Kumar Infraprojects Limited for construction of Mumbai Metro Line 4A (Kasarwadavali-Gaimukh corridor) and Metro 9 (extension of line 7 from Dahisar (East) to Mira Bhayandar and Andheri to CSIA). The consolidated value of both contracts is Rs.2,340 crores.

The Executive Committee of the MMRDA, headed by Ajoy Mehta, Chairman, Executive Committee, MMRDA and Chief Secretary, Government of Maharashtra, today approved the tender process and recommended the appointment of J Kumar Infraprojects Limited for design and construction of above corridors.

Mumbai Metro Line 4A

Design and construction of elevated viaducts and two stations from Kasarwadavali to Gowinwada and Gowinwada to Gaimukh for the corridor of Mumbai Metro Line 4A (extension of Metro line 4 Wadala to Kasarwadavali of Mumbai Metro Rail Project of MMRDA). The total contract value of the letter of acceptance is Rs 342 crore.

Mumbai Metro Line 9

Design and construction of elevated viaduct and 9 (nine) elevated stations, including 2 (two) flyovers, and underground twin tunnel, cut and cover, ramp and one underground station for Mumbai Metro Line 9 (extension of line 7 from Dahisar East to Mira Bhayandar and Andheri to CSIA of Mumbai Metro Rail Project of MMRDA). The J Kumar Infraprojects will execute their responsibility for a cost of Rs.1,998 crore.

Apart from the above, in August 2018,  J Kumar Infraprojects had bagged an order worth Rs 867.75 crore for design and construction of viaduct and 5 (five) elevated stations of Mumbai Metro Line-6 of Mumbai Metro Rail Project of MMRDA.

Shares of J. Kumar Infraprojects erased morning gains to trade lower in  afternoon trade. The company has won an order from Mumbai Metropolitan Region Development Authority (MMRDA) for constructing and designing elevated viaducts and nine elevated stations for Mumbai Metro line 9.

The order is worth Rs1,998cr, the company said.

J Kumar Infraprojects Ltd is currently trading at Rs130, down by Rs0.55 or 0.42% from its previous closing of Rs130.55 on the BSE.

The scrip opened at Rs130.60 and has touched a high and low of Rs135.70 and Rs129.20 respectively.

The BSE group ‘B’ stock of face value Rs5 has touched a 52 week high of Rs268.40 on 17-Sep-2018 and a 52-week low of Rs104 on 01-Feb-2019.

Facebooktwittergoogle_plusredditpinterestlinkedinmail