J. Kumar Infraprojects Secures Rs. 615 Crore Contract from NBCC
Filing Summary
J. Kumar Infraprojects Ltd has received a Letter of Acceptance from NBCC (India) Limited for a redevelopment project in New Delhi. The project involves the construction of Type-V quarters, a community hall, and other buildings at the GPRA Colony, Netaji Nagar. The contract is valued at Rs. 615 Crore, inclusive of all taxes and levies, and will be executed on an EPC basis with a five-year operation and maintenance period. The project is expected to be completed within 24 months, with no related party transactions involved.
J. Kumar Infraprojects Ltd has announced the receipt of a Letter of Acceptance from NBCC (India) Limited for a redevelopment project at the GPRA Colony, Netaji Nagar, New Delhi. The project includes the construction of Type-V quarters, a community hall, and various miscellaneous buildings. The contract is awarded on a Design, Engineering, Procurement, and Construction (EPC) basis, with an additional operation and maintenance period of five years.
The total contract value is Rs. 615 Crore, which includes all applicable taxes, duties, cess, and statutory levies. This financial agreement outlines the comprehensive cost structure for the entire project, ensuring that all financial obligations are covered under the stipulated amount. The contract does not involve any related party transactions, and there is no interest from the promoter or promoter group in the awarding entity.
The scope of work under this contract involves the construction of 540 Type-V quarters, a community hall, and several miscellaneous buildings such as the main gate, Swatch Bharat toilets, and an electrical substation (ESS). The project will be executed on an EPC basis, which includes the design, engineering, procurement, and construction phases. Additionally, J. Kumar Infraprojects will be responsible for the operation and maintenance of the facilities for a period of five years post-construction.
The project is scheduled to be completed within a 24-month timeframe. This timeline includes all phases from initial design to final construction and handover. The contract specifies that the work will be carried out in accordance with the terms agreed upon with NBCC (India) Limited, ensuring adherence to quality and regulatory standards.
NBCC (India) Limited is a government-owned corporation involved in project management consultancy, real estate development, and EPC contracting. The company is known for its involvement in large-scale infrastructure projects across India, focusing on urban development and redevelopment initiatives.
J. Kumar Infraprojects Ltd is a prominent infrastructure development company in India, specializing in urban infrastructure projects. The company focuses on executing complex projects involving transportation systems, urban development, and public infrastructure. J. Kumar Infraprojects aims to deliver high-quality construction services while adhering to stringent timelines and regulatory requirements.