JMC Projects secure new order worth Rs554cr in building and factory business
Published On: Wednesday, August 26, 2020 | By: Team KnowMyStock
Shares of JMC Projects, One of the leading Civil Engineering and EPC company gained 16.2 per cent to Rs 62.2 apiece on the BSE on Wednesday after the company bagged new project orders worth Rs 554 crore. Among these, project worth Rs 315 crore was a 'Building Project' in South India, while Rs 239 crore worth project was a 'Factory Project' in Maharashtra. We are delighted with the new order wins especially in our Buildings & Factory (B&F) business. These new orders will strengthen our portfolio and will help us further expand our client base in the B&F market. JMC has won orders of around Rs 4,000 crore till date in FY21 despite the challenging market conditions, demonstrating JMC’s impeccable reputation for domain expertise, prudent tendering and client confidence," said S. K. Tripathi, CEO & Dy. Managing Director. Also, he added, Our execution capabilities and strong order book give us the confidence to deliver good performance going forward.”
JMC Projects is a subsidiary of Kalpataru Power Transmission Limited, is India's one of the leading contracting company. JMC provides services across the construction sector i.e. civil, structural & MEP for all major industries and project types.
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