J. Kumar Infraprojects Secures ₹990 Crore Cricket Stadium Project from Karnataka Housing Board
J. Kumar Infraprojects Limited received a ₹990.16 crore contract from Karnataka Housing Board for designing, engineering, procuring, and constructing an International Cricket Stadium. The project is to be executed over 36 months.
The contract value of ₹990.16 crore is substantial and represents a significant new business win for the company, likely impacting its revenue and growth.
The company has secured a significant new order, which is positive for its business prospects.
J. Kumar Infraprojects Limited (JKIL) has announced the receipt of a Letter of Acceptance from Karnataka Housing Board for a significant project.
The project involves the Design, Engineering, Procurement, and Construction of an International Cricket Stadium and Allied Development Works at Suryanagara, Bengaluru Urban District, Karnataka, under an EPC Mode - I contract.
The total contract cost for this project amounts to ₹990.16 crore, excluding GST. The execution period for this contract is stipulated to be 36 months. This intimation is being made in accordance with Regulation 30 of the SEBI Listing Regulations and will be available on the company's website.
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J.Kumar Infraprojects Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by J.Kumar Infraprojects Limited. Read the original for the full detail.