J. Kumar Infraprojects Limited has announced the receipt of a Letter of Acceptance from Karnataka Housing Board for a significant project. The contract, valued at ₹990.16 crore, involves the ‘Design, Engineering, Procurement and Construction’ of an International Cricket Stadium and Allied Development Works in Suryanagara, Bengaluru. The project is expected to be completed within 36 months and excludes GST.
Major Project Awarded
J. Kumar Infraprojects Limited has secured a substantial contract for the development of an International Cricket Stadium and Allied Development Works in Suryanagara, Bengaluru. The project, awarded by the Karnataka Housing Board, is being undertaken on an EPC (Engineering, Procurement, and Construction) Mode-I basis. This significant win marks a key development for the company’s infrastructure portfolio.
Contract Details and Value
The total contract cost for this ambitious project amounts to ₹990,16,12,700/- (Rupees Nine Hundred Ninety Crores Sixteen Lakhs Twelve Thousand and Seven Hundred only), excluding applicable GST. The scope of work encompasses comprehensive design, engineering, procurement, and construction phases. The contract is slated for execution within a period of 36 Months.
Project Location and Entity
The project is situated at Suryanagara, 4th Phase KHB Layout, Indlawadi Village, Anekal Taluk, Bengaluru Urban District, Karnataka. The entity awarding this significant contract is the Karnataka Housing Board, a domestic authority. The company has confirmed that this order does not fall within related party transactions and is considered an arm’s length agreement.
Further details pertaining to this contract have been disclosed in accordance with applicable regulations and are available on the company’s official website.
Source: BSE
