Single Digit PE, High ROCE Small-Cap Infrastructure Stock Bags Rs 990 Crore EPC Order for International Cricket Stadium in Karnataka
Join Us
Follow Us
J. Kumar Infraprojects has received a Letter of Acceptance from the Karnataka Housing Board for the design, engineering, procurement and construction of an international cricket stadium and allied development works in Bengaluru
✨ Key Takeaways
On Thursday, Indian equity benchmark indices ended marginally higher, with the benchmark Nifty 50 index gaining 11.35 points, or 0.05 per cent, to 24,636.00. Amid the positive market sentiment, J. Kumar Infraprojects share price rose 0.34 per cent to Rs 491.75 after the company secured a Rs 990.16 crore engineering, procurement and Construction (EPC) contract from the Karnataka Housing Board.
Receives Rs 990 Crore EPC Contract
J. Kumar Infraprojects Limited informed the stock exchanges that it has received a Letter of Acceptance (LoA) from the Karnataka Housing Board for the design, engineering, procurement and construction of an International Cricket Stadium and allied development works at Suryanagara 4th Phase KHB Layout, Indlawadi Village, Anekal Taluk, Bengaluru Urban District, Karnataka.
The total contract value stands at Rs 990.16 crore, excluding GST. The project has been awarded under the EPC Mode-I model and is scheduled to be executed over a period of 36 months.
Looking for Hidden Value in the Stock Market?
Explore DSIJ’s Mispriced Gems - a research-driven service focused on uncovering undervalued stocks benefiting from strategic shifts, industry tailwinds, and hidden growth catalysts.
Download Service BrochureDomestic Infrastructure Project
According to the filing, the contract has been awarded by a domestic entity, the Karnataka Housing Board. The company also clarified that neither its promoters nor promoter group entities have any interest in the awarding authority, and the contract does not fall under related-party transactions.
Also Read - Rs 12,976 Crore Order Book: Multibagger Small-Cap Infrastructure Stock Reports Stable Q1 FY27 Profit of Rs 51 Crore
About J. Kumar Infraprojects
J. Kumar Infraprojects Ltd is an infrastructure engineering and construction company engaged in executing projects across metro rail, flyovers, bridges, tunnels, roads, civil infrastructure and commercial buildings for government and public sector clients across India. The stock PE is currently trading at a 9.32, with a return on capital employed (ROCE) of 18.3 per cent.
Add DSIJ as your preferred news source on G o o g l e
Add NowDo you think this Rs 990.16 crore EPC order will strengthen J. Kumar Infraprojects' growth prospects?
Disclaimer: The article is for informational purposes only and not investment advice.