J Kumar Infra hits 5% UC, again

J Kumar Infraprojects breached the 5% upper circuit at Rs.162.15 today and yesterday too, it breached the 5% UC.

The company announced yesterday that its JV had won a contract worth Rs.5012 crore from Mumbai Metro Rail for Phase –3 of the city metro project work to begin by October 2016.

The work order calls for design and construction of underground sections including four underground stations at Dharavi, BKC, Vidhyanagari and Santacruz and associated tunnels worth approximately Rs.2858 crore. Further, the contract includes design and construction of underground sections including CSIA domestic airport, Sahar Road and CSIA International airport and associated bored tunnels worth approximately Rs 2153 crore. The 33.5-kilometre long, Metro -3 corridor will stretch across 27 stations and will be built underground. The requisite preparatory work like conducting surveys and related investigations are in progress and the project work is likely to commence in October 2016.