J Kumar Infraprojects Ltd. informed the exchanges on Monday, October 14, that it has won an order from the Pune Municipal Corporation.

The scope of the work involves the development of Mula river from the Wakad Bypass to Sangvi Bridge (stretch 1, 2 and 3).

Total value of the order received from the Pune Municipal Corporation is worth ₹297.83 crore and is supposed to be executed within 36 months.

J Kumar Infra, in an interaction with CNBC-TV18 in August this year had mentioned that the company is targeting an increase of over 15% in its topline for the current financial year to ₹5,700 crore.

“We are looking at around ₹6,000-8,000 crore of projects inflow in the coming year,” Managing Director Kamal Gupta has said.

According to Gupta, the conservative figure of ₹6,000-8,000 crore of order inflow looks achievable and he expects to surpass the guidance.

The company’s total order book stood at ₹19,820 crore as on June 30, 2024.

Shares of J Kumar Infra ended 0.5% higher on Monday at ₹740.  The stock has risen 25% so far in 2024. Over a 12-month period, the stock has gained nearly 65%.