J Kumar Infraprojects bags LOA for Rs 509 crore project

J. Kumar Infraprojects Limited has informed to the exchanges that the company in the capacity of sole bidder, is in receipt of 'Letter of Acceptance' (LOA) for Lucknow project.

As per the filing, the project is for Provn of Tech Accn and Allied Infra for Command Hospital, Lucknow on EPC Mode for contract cost amounting to Rs 509 crore, the company said.

Further, time period for the project is 30 months for Phase I (Construction) & 60 months for Phase II (Maintenance).

Notably, the LOA is issued to the Company in the capacity of sole bidder.

On Wednesday morning trade, shares of J Kumar Infraprojects were under pressure and trading lower by 0.25% at Rs 465.50 per share on the BSE.