J Kumar Infraprojects locked at upper circuit after MMRC order
DSIJ Intelligence / 26 Aug 2016
J Kumar Infraprojects (JKIL) and China Railway Tunnel Group's (CRTG) joint venture has won a contract from Mumbai Metro Rail Corporation (MMRC) for Rs 5012 crore , names Metro Phase-3 project, on Thursday after market hours.
J Kumar Infraprojects (JKIL) and China Railway Tunnel Group's (CRTG) joint venture has won a contract from Mumbai Metro Rail Corporation (MMRC) for Rs 5012 crore , names Metro Phase-3 project, on Thursday after market hours.
JKIL will design and construct underground sections including four underground stations at Dharavi, BKC, Vidhyanagari and Santacruz and associated tunnels worth Rs 2858 crore. The company will also design, construct CSIA domestic airport, Sahar Road and CSIA International airport and associated bored tunnels worth Rs 2153 crore.
Metro Phase-3 corridor will stretch across 27 stations and will be built underground. The requisite preparatory work e.g. conducting surveys and related investigations are in progress and the project work will commence in the month of October 2016.
The share price of JKIL has increased by 4.99 per cent on bourses in early trades; and has been locked at upper circuit at Rs 162.15 on an intraday basis.
JKIL designs and constructs roads, bridges, flyovers, subways, over bridges, skywalks and railway terminuses/stations, as per client's specifications on a turnkey basis, in the transport engineering segment.
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