J. Kumar Infraprojects said that it has received a letter of acceptance (LoA) from Municipal Corporation of Greater Mumbai (MCGM) for a total lumpsum contract cost of Rs 352.30 crore.
The LoA awarded is the for the Proposed re-construction of Siddharth Municipal General Hospital on land at Siddharth Nagar, Goregaon (W), in P/S ward for a total lumpsum contract cost of Rs 3,52,30,49,980.
J. Kumar Infraprojects is focused on EPC projects, having strong foothold in various sectors like urban infrastructure, transportation engineering, piling & civil construction etc.
The company's net profit surged 93% to Rs 62 crore in Q1 FY23 from Rs 32 crore in Q1 FY22. Revenue from operations during the quarter increased by 47% YoY to Rs 994 crore.
The scrip fell 3.93% to currently trade at Rs 288.35 on the BSE.
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