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Infra stock jumps 4% after receiving order worth ₹120 Cr from PSU company

Infra stock won a ₹120.88 crore contract for bridges, a ROB, subways, and earthwork under MUTP Phase IIIA, boosting Mumbai’s suburban rail connectivity and infrastructure.
Infra stock won a ₹120.88 crore contract for bridges, ROB, subways, enhancing rail connectivity.
Infra stock won a ₹120.88 crore contract for bridges, ROB, subways, enhancing rail connectivity.

Introduction:

Infra stock has secured a ₹120.88 crore contract from a government PSU to construct bridges, a ROB, subways, and earthwork between Borivali and Nallasopara. This project, under MUTP Phase IIIA, aims to enhance Mumbai’s suburban rail connectivity and infrastructure development.

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Share Price movement of J Kumar Infraprojects:

On March 7, 2025, J.Kumar Infraprojects Ltd opened at ₹659.00, reaching a high of ₹678.50, up 4% from its previous close of ₹659.80, and a low of ₹655.70. The stock is currently trading at ₹669.55, with a market cap of ₹5,065.05 crore.

J Kumar Infraprojects received new order:

J. Kumar Infraprojects Limited has received a Letter of Award from Mumbai Railway Vikas Corporation Limited, a PSU under the Ministry of Railways, for a ₹120.88 crore contract. The project involves constructing major bridges, a ROB at Vasai, vehicle subways, minor bridges, drains, and earthwork between Borivali and Nallasopara under Mumbai Urban Transport Project (MUTP) Phase IIIA.  

The contract will be executed over 30 months, enhancing rail infrastructure between Borivali and Virar with new 5th and 6th railway lines. The project aims to improve connectivity and passenger capacity on Mumbai’s suburban rail network, supporting urban transportation development in a high-traffic corridor.  

This award does not involve promoter interest or related party transactions. The contract further strengthens J. Kumar Infraprojects’ position in the infrastructure sector, showcasing its expertise in large-scale railway projects while reinforcing its role in India’s expanding urban transport system.

Also Read: Infra stock jumps 8% after bagging orders worth ₹2,306 Cr in its transmission and distribution business

Recent news About J Kumar Infraprojects:

​J. Kumar Infraprojects Limited recently secured a ₹632 crore contract from NBCC (India) Limited for the development of the Hari Nagar colony of Delhi Transport Corporation (DTC) in Delhi. The project is scheduled for completion within 27 months. ​

Ace investor holding of J Kumar Infraprojects:

Mukul Mahavir Agrawal holds 1,975,000 shares in J. Kumar Infraprojects Ltd., representing a 2.61% stake. His investment is valued at ₹131.9 crore, though his stake decreased by 0.03% from the previous quarter, indicating a minor reduction in his holdings in the infra stock.

Stock performance of J Kumar Infraprojects for Period of 1 week, 6 months and 1 year:

J. Kumar Infraprojects stock declined 1.96% over one week, reflecting short-term weakness. Over six months, it saw a 16.4% drop, indicating sustained volatility. However, over one year, the stock delivered a 2.76% gain, showing resilience despite recent fluctuations in market performance.

Also Read: Defence stock jumps after receiving orders worth ₹577 Cr

Shareholding pattern of J Kumar Infraprojects:

All values in %Dec-24Sep-24Jun-24
Promoters46.6546.6546.65
FII10.59.9910.47
DII16.1716.5816.94
Retail & others26.6826.7825.95
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About J Kumar Infraprojects:

J. Kumar Infraprojects is a leading infrastructure company specializing in urban transport, metro rail, flyovers, and bridges. With expertise in large-scale civil projects, it plays a key role in India’s infrastructure growth, delivering high-quality engineering solutions across various sectors.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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