J. Kumar Infraprojects Secures Rs. 632 Crore Contract from NBCC for DTC Project

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J. Kumar Infraprojects Secures Rs. 632 Crore Contract from NBCC for DTC Project

Team Finance Saathi

18/Dec/2024

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J. Kumar Infraprojects has been awarded a Rs. 632 crore contract by NBCC for the development of Hari Nagar Colony for DTC.
The contract includes all taxes, duties, and statutory levies, with a timeline of 27 months.
This project marks a significant step for J. Kumar Infraprojects in enhancing its infrastructure portfolio.

J. Kumar Infraprojects Limited has secured a significant Rs. 632 crore contract from NBCC (India) Limited, a Government of India enterprise. The project involves the development of the Hari Nagar colony for the Delhi Transport Corporation (DTC). The total contract value of Rs. 632 crores is inclusive of all applicable taxes, duties, and statutory levies.

The terms of the contract include provisions for the adjustment of the contract price in case of any changes in the GST rate on Works Contracts as notified by the Government of India. The timeline for the completion of the project is set at 27 months. This award adds a significant project to J. Kumar Infraprojects’ already robust portfolio in the infrastructure sector.

In line with the company’s commitment to transparency, J. Kumar Infraprojects has disclosed all necessary details regarding this award in accordance with the SEBI Listing Regulations. The company further confirms that there is no interest or involvement of any promoter or promoter group in the awarding entity, NBCC.

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J. Kumar Infraprojects Secures Rs. 632 Crore Contract from NBCC for DTC Project

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