Mumbai, July 28, 2025 – Infrastructure major J. Kumar Infraprojects Limited has been awarded a contract worth ₹139.72 crore (excluding GST) for implementing Multi-Modal Integration Facilities at eight metro stations of Mumbai Metro Line 4 and 4A, as per a regulatory filing made by the company.

The project has been awarded by the Mumbai Metropolitan Region Development Authority (MMRDA) under Package 1, and J. Kumar’s share in the joint venture (J. Kumar–NACPL JV) is pegged at 49%, amounting to ₹68.46 crore.

Project awarded under SEBI disclosure norms

The company made the announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the SEBI Master Circular dated 11th November 2024.

“We are pleased to inform that we have received a Letter of Acceptance from MMRDA for the project involving Multi‐Modal Integration Facilities at 8 Metro Stations,” the company said in its official communication to stock exchanges on July 28, 2025.

The announcement was simultaneously uploaded on the company’s official website, in line with disclosure protocols.

Scope and timeline of the project

The awarded work involves the creation of multi-modal connectivity infrastructure at stations along Metro Line 4 and 4A, which will ensure seamless integration with road transport and last-mile connectivity for commuters.

• The total value of the contract stands at ₹139.72 crore excluding GST, with J. Kumar’s effective share being ₹68.46 crore.

• The execution period for the project is 18 months from the date of commencement.

• The project is fully domestic in nature, with no cross-border contracts or entities involved.

This project continues the trend of J. Kumar Infraprojects executing several metro-related works across Mumbai in recent years, having gained expertise in elevated corridors, station development, and metro infrastructure.

No related-party interest involved

In its filing, J. Kumar Infraprojects clearly stated that neither the promoter group nor any group companies have any interest in the MMRDA, and that the contract does not fall under related party transactions.

This clarification ensures that the award remains fully compliant with arm’s length standards and transparency norms set by the capital market regulator.

About the J. Kumar–NACPL joint venture

The contract has been awarded to a joint venture between J. Kumar Infraprojects and NACPL, with J. Kumar holding a 49% share. While further details on NACPL were not disclosed in the filing, joint ventures are a common model in India’s infrastructure sector, allowing companies to pool technical and financial resources to execute large public sector projects.

Outlook and significance

This latest contract win reinforces J. Kumar Infraprojects’ strong position in the metro infrastructure segment, especially in Mumbai where the company has been involved in multiple phases of Metro Lines 2, 3, 4, and 7. The push for multi-modal integration is a part of MMRDA’s long-term vision to streamline public transport and improve urban mobility.

“This is a significant addition to our metro portfolio and further strengthens our relationship with MMRDA,” an official close to the matter said.

As urban infrastructure continues to dominate public expenditure in India, analysts believe that metro connectivity and integration projects will remain a key growth vertical for engineering and construction companies.

Conclusion

J. Kumar Infraprojects’ ₹139.72 crore win for metro station integration underlines its growing footprint in Mumbai’s infrastructure landscape. With a 49% stake in the joint venture, a committed execution timeline of 18 months, and no promoter-related conflicts, the project fits neatly into the company’s core competencies.

This latest development not only boosts investor confidence in JKIL’s execution capabilities, but also signals ongoing momentum in India’s urban transit upgrades.

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