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.
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.
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.
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.
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.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Dec 18, 2024, 4:20 PM IST
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