J Kumar Infraprojects gains 3% on order win from MCGM

Moneycontrol BureauShares of J Kumar Infraprojects gained 3 percent intraday as the company has bagged an order from Municipal Corporation of Greater Mumbai (MCGM).The company has received LoA and work order from MCGM of Rs 195.14 crore.The orders include construction of grade separator at junction N.S. Phadake marg and Telli galli in K/East Ward of Rs 101.24 crore.Another order of Rs 44.59 crore for reconstruction of Hancock bridge as Shivdas Chopsi marg, Mazgaon in B ward.And, construction of vehicular bridge at the junction of Yari road and Lokandwala back road in Andheri of Rs 49.31 crore.At 11:18 hrs J Kumar Infraprojects was quoting at Rs 241.65, up Rs 4.25, or 1.79 percent on the BSE.Posted by Rakesh Patil