J Kumar Infraprojects receives LoAs worth Rs 2,487.65 crore

J Kumar Infraprojects has received Letter of Acceptances (LoAs) aggregating to Rs 2,487.65 crore. The company has secured first LoA worth Rs 521.77 crore (excluding GST) from M/s Mumbai Metro Rail Corporation for the design & construction of pedestrian vestibule underground connecting science centre metro station and Worli Promenade through Mahalaxmi Racecourse. The contract is to be executed within 24 months. Further, the company’s joint venture (JV) -- J. KUMAR-RPS (JV) has secured LoA worth Rs 1,965.88 crore from Municipal Corporation of Greater Mumbai (MCGM). In the said JV the company holds 73% stake, thus the company's share in contract is Rs 1,435.09 crore. The contract is for the design & construction of Part A: Construction of Vehicular Bridges & Elevated Road over Nalla connecting MDP Road to Ryan International school with construction of Additional arms from Charkop Junction to Ryan Internation school and widening of the existing Malad- Marve Road by 3.65m on opposite of RG Plot from Mahakali Junction upto Nalla towards Mith Chowky near Giridhar Park at Malad Marve Road, Malad (W) in P/North Ward. And Part B: Construction of Vehicular Bridge from Lagoon Road to Infinity Mall, Malad (W) in P/North Ward. The contract is to be executed within 42 months.