J.Kumar Infraprojects announced that its joint venture (JV), J. Kumar – AICPL, has received a letter of acceptance from the Bangalore Metro Rail Corporation for the construction of the existing Baiyappanahalli Depot for the Bangalore Metro Rail Project phase- 2A. The project’s total cost is Rs 249.19 crore. The company owns 55% of the company, or Rs 137.05 crore. The project will be completed in 821 days from the start date of work.
J Kumar Infraprojects is a construction company based in Mumbai. On a consolidated basis, the company reported a 21.1% increase in net profit to Rs 71.08 crore in Q3 FY23 over Q3 FY22, on a 10% increase in net sales to Rs 1,062.39 crore.