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J. Kumar Infraprojects Limited — Capital/Financing Update 2023
Aug 1, 2023
61720_rns_2023-08-01_7dcc40f9-d698-453f-9312-5d548bb7658a.pdf
Capital/Financing Update
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J. KUMAR INFRAPROJECTS LIMITED Regd Off: J. Kumar House, CTS No. 448, 448/1, 449, Subhash Road, Vile Parle (East), Mumbai 400 057, Maharashtra, India
Phone: +91 22 67743555. Fax: +91 22 26730814, Email: [email protected],
[email protected]
Website: www.jkumar.com , CIN: L74210MH1999PLC122886
August 01, 2023
To,
The General Manager The Listing Department Department of Corporate Services National Stock Exchange of India Ltd BSE Ltd Exchange Plaza, Plot No. C/1, G- Block Mumbai Samachar Marg Bandra- Kurla Complex, Bandra East Mumbai - 400 001 Mumbai - 400 051
Scrip Symbol/Code: JKIL/532940 and ISIN: INE576I01022
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No: CIR/CFD/CMD/4/2015 dated September 09, 2015
- Ref: Receipt of 04 (Four) ‘Letter of Acceptance’ from M/s. National Highway Authority (NHAI) of India.
Dear Sir,
We are pleased to inform you that M/s. J. Kumar Infraprojects Limited (the Company) is in receipt of 04 (four) Letter of Acceptance (LOA) dated July 31, 2023, from M/s. National Highway Authority of India, out of which 02 (two) LOA is received in the name of the Company (sole bidder) and 02 (two) LOA is received in the name of M/s. J. KUMAR-AZVIRT (JV), where the share of the Company is 90% of the total contract cost.
| Project | Name and Max. cumulative award value (INR *inCr.) ** |
Mode | Duration / Validity of Rate Contract |
Commencement of the work |
|---|---|---|---|---|
| Construction of New Double Tier 4- lane Elevated Corridor from Chennai Port to Maduravoyal in Chennai District from Km -0+342 to Km20+593on EPC mode under Bharatmala Pariyojana in the State of Tamil Nadu Package 1 (Km - 0+342 to Km 4+604 |
M/s. J. KUMAR- AZVIRT (JV) Rs. 915 Cr, whereas the share of JKIL is 90% amounting to Rs. 823.50 Cr. |
EPC | 30 months | July 31, 2023 |
| Construction of New Double Tier 4- lane Elevated Corridor from Chennai Port to Maduravoyal in Chennai District from Km -0+342 to Km20+593on EPC mode under Bharatmala Pariyojana in the State of Tamil Nadu Package- II (Km 4+604toKm9+700). |
M/s. J. KUMAR INFRAPROJECTS LTD Rs. 1,015 Cr |
EPC | 30 months | July 31, 2023 |
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J. KUMAR INFRAPROJECTS LIMITED
Regd Off: J. Kumar House, CTS No. 448, 448/1, 449, Subhash Road, Vile Parle (East), Mumbai 400 057, Maharashtra, India
Phone: +91 22 67743555. Fax: +91 22 26730814, Email: [email protected],
[email protected]
Website: www.jkumar.com , CIN: L74210MH1999PLC122886
| Construction of New Double Tier 4- lane Elevated Corridor from Chennai Port to Maduravoyal in Chennai District from Km -0+342 to Km20+593on EPC mode under Bharatmala Pariyojana in the State of Tamil Nadu - Package- III (Km 9+700 to Km 14+185) |
M/s. J. KUMAR INFRAPROJECTS LTD Rs. 865 Cr |
EPC | 30 months | July 31, 2023 |
|---|---|---|---|---|
| Construction of New Double Tier 4- lane Elevated Corridor from Chennai Port to Maduravoyal in Chennai District from Km -0+342 to Km20+593 onEPC mode under Bharatmala Pariyojana in the State of Tamil NaduPackage 4 (Km 14+185 to Km 20+593). |
M/s. J. KUMAR- AZVIRT (JV) Rs. 775 Cr,whereas the share of JKIL is 90% amounting to Rs. 697.50 Cr |
EPC | 30 months | July 31, 2023 |
*exclusive of Goods and Service Tax
The details for 04 (four) LOA as received from NHAI to the Company and details pursuant to SEBI Circular No: CIR/CFD/CMD/4/2015 dated September 09, 2015 is mentioned in Annexure A, B, C and D respectively.
We request you to take this on record.
for J. Kumar Infraprojects Limited
POORNIMA Digitally signed by POORNIMA CHINTAKINDI CHINTAKINDI Date: 2023.08.01 14:36:24 +05'30' Poornima Company Secretary
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J. KUMAR INFRAPROJECTS LIMITED
Regd Off: J. Kumar House, CTS No. 448, 448/1, 449, Subhash Road, Vile Parle (East), Mumbai 400 057, Maharashtra, India
Phone: +91 22 67743555. Fax: +91 22 26730814, Email: [email protected],
Website: www.jkumar.com , CIN: L74210MH1999PLC122886
Annexure - A
| Sr No. | Particulars | Details |
|---|---|---|
| 1 | Significant terms and conditions of the Order / Contract |
NHAI has issued Letter of Acceptance to J. KUMAR- AZVIRT (JV) for Construction of New Double Tier 4-lane Elevated Corridor from Chennai Port to Maduravoyal in Chennai District from Km -0+342 to Km20+593on EPC mode under Bharatmala Pariyojana in the State of Tamil Nadu Package 1 (Km -0+342 to Km 4+604. Awarded Cost Rs. 915 Cr (Excl GST)whereas the share of JKIL is 90% amounting to Rs. 823.50 Cr.,TimePeriodis 30months |
| 2 | Whether order(s) / contract(s) have been awarded by domestic/ international entity |
Domestic |
| 3 | Nature of Order / Contracts | Service |
| 4 | Whether Domestic /International | Domestic |
| 5 | Time Period by which the order/s / contract/s is to be executed |
30 months |
| 6 | Broad consideration or size of the order(s)/contract(s); |
Rs. 915 Cr, whereas the share of JKIL is 90% amounting to Rs. 823.50 Cr. |
| 7 | Whether the promoter/ promoter group/group companies have any interest in the entity that awarded the order(s)/contract(s)? Ifyes,nature of interestland details thereof; |
NA |
| 8 | Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at “arm’s length”. |
NA |
POORNIMA CHINTAKINDI
Digitally signed by POORNIMA CHINTAKINDI Date: 2023.08.01 14:36:57 +05'30'
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J. KUMAR INFRAPROJECTS LIMITED Regd Off: J. Kumar House, CTS No. 448, 448/1, 449, Subhash Road, Vile Parle (East), Mumbai 400 057, Maharashtra, India
Phone: +91 22 67743555. Fax: +91 22 26730814, Email: [email protected],
[email protected]
Website: www.jkumar.com , CIN: L74210MH1999PLC122886
Annexure – B
| Sr No. | Particulars | Details |
|---|---|---|
| 1 | Significant terms and conditions of the Order / Contract |
NHAI has issued Letter of Acceptance to the Company for the Construction of New Double Tier 4 - lane Elevated Corridor from Chennai Port to Maduravoyal in Chennai District from Km -0+342 to Km20+593on EPC mode under Bharatmala Pariyojana in the State of Tamil Nadu Package- II (Km 4+604 to Km 9+700). Awarded Cost Rs. 1015 Cr (Excl GST), Time Period is 30 months |
| 2 | Whether order(s) / contract(s) have been awarded by domestic/ international entity |
Domestic |
| 3 | Nature of Order / Contracts | Service |
| 4 | Whether Domestic /International | Domestic |
| 5 | Time Period by which the order/s / contract/s is to be executed |
3 Years |
| 6 | Broad consideration or size of the order(s)/contract(s); |
Rs. 1015 Cr |
| 7 | Whether the promoter/ promoter group/group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest land details thereof; |
NA |
| 8 | Whether the order(s)/contract(s) would fall within related party transactions? Ifyes, whetherthe sameis done at“arm’slength”. |
NA |
POORNIMA Digitally signed by POORNIMA CHINTAKINDI CHINTAKINDI Date: 2023.08.01 14:37:11 +05'30'
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J. KUMAR INFRAPROJECTS LIMITED Regd Off: J. Kumar House, CTS No. 448, 448/1, 449, Subhash Road, Vile Parle (East), Mumbai 400 057, Maharashtra, India
Phone: +91 22 67743555. Fax: +91 22 26730814, Email: [email protected],
[email protected]
Website: www.jkumar.com , CIN: L74210MH1999PLC122886
| Annexure – C | Annexure – C | |
|---|---|---|
| Sr No. | Particulars | Details |
| 1 | Significant terms and conditions of the Order / Contract |
NHAI has issued Letter of Acceptance to the Company for the Construction of New Double Tier 4-lane Elevated Corridor from Chennai Port to Maduravoyal in Chennai District from Km -0+342 to Km20+593on EPC mode under Bharatmala Pariyojana in the State of Tamil Nadu_- Package- III (Km 9+700 to Km 14+185) Awarded Cost Rs. 865 Cr (Excl GST), Time Period is 30 months |
| 2 | Whether order(s) / contract(s) have been awarded by domestic/ international entity |
Domestic |
| 3 | Nature of Order / Contracts | Service |
| 4 | Whether Domestic / International | Domestic |
| 5 | Time Period by which the order/s / contract/s is to be executed |
30 months |
| 6 | Broad consideration or size of the order(s)/contract(s); |
Rs. 865 Cr |
| 7 | Whether the promoter/ promoter group/group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest land details thereof; |
NA |
| 8 | Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at“arm’s length”. |
NA |
POORNIMA CHINTAKINDI
Digitally signed by POORNIMA CHINTAKINDI Date: 2023.08.01 14:37:25 +05'30'
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J. KUMAR INFRAPROJECTS LIMITED Regd Off: J. Kumar House, CTS No. 448, 448/1, 449, Subhash Road, Vile Parle (East), Mumbai 400 057, Maharashtra, India
Phone: +91 22 67743555. Fax: +91 22 26730814, Email: [email protected], [email protected]
Website: www.jkumar.com , CIN: L74210MH1999PLC122886
Annexure- D
| Sr No. |
Particulars | Details |
|---|---|---|
| 1 | Significant terms and conditions of the Order / Contract |
NHAI has issued Letter of Acceptance to J. KUMAR- AZVIRT (JV) for Construction of New Double Tier 4 - lane Elevated Corridor from Chennai Port to Maduravoyal in Chennai District from Km -0+342 to Km20+593 onEPC mode under Bharatmala Pariyojana in the State of Tamil NaduPackage 4 (Km 14+185 to Km 20+593).Awarded Cost Rs. 775 Cr (Excl GST),whereas the share of JKIL is 90% amounting to Rs. 697.50 Crand the time Period is 30 months |
| 2 | Whether order(s) / contract(s) have been awarded by domestic/ international entity |
Domestic |
| 3 | Nature of Order / Contracts | Service |
| 4 | Whether Domestic / International | Domestic |
| 5 | Time Period by which the order/s / contract/s is to be executed |
30 months |
| 6 | Broad consideration or size of the order(s)/contract(s); |
Rs. 775 Cr,whereas the share of JKIL is 90% amounting to Rs. 697.50 Cr |
| 7 | Whether the promoter/ promoter group/group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest land details thereof; |
NA |
| 8 | Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at “arm’s length”. |
NA |
Digitally signed by POORNIMA POORNIMA CHINTAKINDI CHINTAKINDI Date: 2023.08.01 14:37:43 +05'30'