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JMC Projects secures new orders worth Rs1,795cr; Stock skyrockets over 16.5% so far today

JMC CEO and MD said that the company's order inflows for the current financial year has crossed Rs9,750cr, giving us confidence to deliver good growth in the coming quarters.

December 02, 2021 12:54 IST | India Infoline News Service
JMC Projects (India) Limited (JMC) has secured new orders to the tune of Rs1,795cr. On Thursday, JMC stock witnessed a buying frenzy following the latest orders.

The details of the orders are:

1. Water Supply Projects in India that amounts to Rs1,085cr.

2. B&F Projects in India of Rs710cr.

S.K. Tripathi (CEO & Managing Director) commented, "We are enthused with the new order wins in our Water and B&F business. These new orders will help us to further consolidate our position in high growth businesses. Amidst a challenging environment, these new orders also support us to diversifying our clientele, generate additional business from existing marquee clients and appropriately manage commodity risk through pass through clauses.

Tripathi highlighted that the company's order inflows for the current financial year has crossed Rs9,750cr, giving us confidence to deliver good growth in the coming quarters.

At around 12.52 pm, JMC was trading at Rs100.75 per piece up by 9.99% on Sensex. The stock, however, has risen by at least 16.6% with an intraday high of Rs106.80 per piece so far today. 

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Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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