Business

J Kumar Infraprojects jumps 9% on bagging NHAI order in Dwarka

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The order received from NHAI amounts to Rs 1,349 crore.

Shares of J Kumar Infraprojects rose 9 percent in early trade after its joint venture (JV) with JM Mhatre received an NHAI order for construction of a part of the Dwarka Expressway.

The order received from the National Highways Authority of India (NHAI) amounts to Rs 1,349 crore.

The stock gained as much as 10.5 percent, quoting at Rs 151.85.

The JV will be the lead partner for construction of Dwarka Expressway from Shiv Murti Intersection till Rail Under Bridge near Dwarka Sector 21.

At 09:20 hours, J Kumar Infraprojects was quoting at Rs 148.55, up 8.08 percent.

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