Shares J. Kumar Infraprojects Limited received a bump in early trade on Monday after the company announced bagging a massive order.
What Happened: The company on Monday informed the exchanges that it had received a letter of acceptance from Mumbai Metropolitan Regional Development Authority (MMRDA). The project is for the design, supply, fabrication and erection of pre-engineering building structural steel works and the execution of internal & external architectural finishings, and plumbing works including interior fitouts for five elevated stations of the Mumbai Metro Rail Project.
See Also: What's Going On With Tata Motors Shares Today?
The order is worth ₹99.29 crore. Last month, the company announced bagging a massive ₹3,000 crore order for the design construction and operation of a twin tunnel from Film City Goregaon to Khindipada (Amar Nagar) Mulund including Box Tunnel at Film City, from the Brihanmumbai Municipal Corporation. The order is won by a JV between J. Kumar Infra and NCC, which is an associate company of J. Kumar Infra. The total size of the order is over ₹6,000 crore.
Price Action: Shares of J. Kumar Infra were up 2.10% to trade at ₹438 in early trade on Monday. Mukul Agrawal owns a 2.64% stake in the company.
Read Next: Why This Mukul Agrawal Backed Small Cap Stock Is Surging 9% Today
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.