J Kumar Infraprojects Secures Massive ₹1,020 Crore Coastal Road Project in Navi Mumbai
J Kumar Infraprojects Limited has been awarded a ₹1,020.70 crore contract by CIDCO for designing and constructing a coastal road in Navi Mumbai. The project includes building a road from Jalmarg Sector-16, Kharghar to PMAY Housing scheme and a pedestrian underpass near Delhi Public School, Nerul. The project is set to be completed within 30 months. This significant order is expected to boost the company's order book and future revenue streams.

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J Kumar Infraprojects , a prominent player in the infrastructure sector, has clinched a significant new order valued at ₹1,020.70 crore, marking a substantial milestone for the company. The project, awarded by the City and Industrial Development Corporation of Maharashtra (CIDCO) Limited, involves the design and construction of a coastal road in Navi Mumbai.
Project Details
The company received a Letter of Acceptance (LOA) from CIDCO for the project titled "Design and Construction of Coastal Road from Jalmarg Sector-16, Kharghar to PMAY Housing scheme near Kharghar Railway Station and Pedestrian Underpass near Delhi Public School, Nerul, Navi Mumbai". The total contract value amounts to ₹1,020.70 crore, exclusive of GST.
Scope and Timeline
This ambitious infrastructure project encompasses several key elements:
- Construction of a coastal road connecting Kharghar to the PMAY Housing scheme
- Development of a pedestrian underpass near Delhi Public School, Nerul
- Project completion scheduled within a 30-month timeframe
Strategic Importance
The award of this contract underscores J Kumar Infraprojects' strong position in the infrastructure development sector, particularly in urban and coastal areas. This project is expected to significantly enhance connectivity in Navi Mumbai, potentially boosting economic activities and improving urban mobility.
Financial Implications
While the exact financial impact on J Kumar Infraprojects' bottom line remains to be seen, securing a project of this magnitude is likely to have a positive effect on the company's order book and future revenue streams. The project's value of over ₹1,020 crore represents a substantial addition to the company's existing portfolio.
Compliance and Disclosure
In compliance with regulatory requirements, J Kumar Infraprojects has made this disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that this project does not fall under related party transactions, and there is no interest from promoter/promoter group/group companies in CIDCO, the entity awarding the contract.
This new order reinforces J Kumar Infraprojects' expertise in handling large-scale infrastructure projects and its growing presence in Maharashtra's development landscape. As the project progresses, it will be interesting to observe its impact on both the company's performance and the urban development of Navi Mumbai.
Historical Stock Returns for J Kumar Infraprojects
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-3.70% | -0.40% | +3.73% | -5.78% | +12.96% | +703.43% |