J Kumar Infra gains post multiple order wins
J Kumar Infraprojects has won two orders worth Rs. 445 crore for metro rail and road development in Maharashtra.
The infrastructure firm in its filing to the exchanges said that it won an order from the Maharashtra Metro Rail Corporation (Pune Metro Rail Project) for constructing underground shafts for tunneling of Agricultural College and Swargate Metro Station and a multi-model integration at a metro station and R&R facilities amounting to Rs. 222.33 crore.
The second order is from Mumbai Metropolitan Regional Development Authority (MMRDA) for improvement of Chheda Nagar Junction, Ghatkopar (East) on the Eastern Express Highway for an amount of Rs. 223.85 crore.
The company engages in design and construction of roads, bridges, subways, over-bridges, flyovers and railway terminals.
At 11:02 hours, J Kumar was trading at Rs. 282.50 per share, up Rs. 4.45 or 1.60 per cent on NSE. The scrip has a 52-week high of Rs. 375 and a 52-week low of Rs. 181.90 per share on NSE. The stock already attracted a volume of 60,230 shares on NSE as against a 30-day average volume of 71,516 shares on NSE.