J Kumar Infraprojects Secures ₹632 Crore Contract for DTC Colony Development in Delhi

Mumbai-based J. Kumar Infraprojects Limited, a leading infrastructure development company, has announced a significant milestone by securing a ₹632 crore contract from NBCC (India) Limited. This project involves the development of the Hari Nagar Colony for Delhi Transport Corporation (DTC) in Delhi.

Key Details of the Contract

The project, awarded by NBCC (India) Limited—a Government of India enterprise—includes a total contract value of ₹632 crore. This figure is inclusive of all taxes, duties, cess, and statutory levies. Notably, the contract price is subject to adjustments based on any revisions in GST rates on works contracts as notified by the Government of India.

Timeline and Scope

The development is expected to be completed within 27 months, highlighting a significant urban infrastructure boost in the region. The project underscores J. Kumar Infraprojects’ expertise and track record in handling large-scale infrastructure assignments.

Non-Related Party Transaction

As per the company’s disclosure, there is no involvement of the promoter group or related parties in this transaction. This ensures transparency and compliance with regulatory norms.

Share Price Performance

As of 2:42 PM on December 18, 2024, the share price of J. Kumar Infraprojects Limited is trading marginally down by 0.42% at ₹771.35.

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