JMC Projects bags new orders of Rs514cr; stock up 1%

These order wins also give us confidence that institutional buildings and manufacturing plants can become a significant growth driver going forward, said SK Tripathi (CEO & Dy. Managing Director), JMC Projects

Jun 24, 2019 05:06 IST India Infoline News Service

JMC Projects
JMC Projects (India) Limited (JMC), a leading Civil Engineering and EPC Company has secured new orders of Rs514cr. The details are as follows:
  • Residential and Commercial projects in South and West India totalling Rs295cr
  • Factory works from a multinational client in East India of Rs112cr
  • Institutional Building order of Rs107cr in East India
 
Commenting on securing new orders, SK Tripathi (CEO & Dy. Managing Director) commented, "We are delighted with the new order wins especially in our core buildings & factory (B&F} business. The institutional building and factory order wins would help us to further consolidate our order book and establish leadership in the B&F sector. These order wins also give us confidence that institutional buildings and manufacturing plants can become a significant growth driver going forward. "

JMC Projects (India) Ltd is currently trading at Rs129.45 up by Rs1.15 or 0.9% from its previous closing of Rs128.30 on the BSE.
The scrip opened at Rs134 and has touched a high and low of Rs134 and Rs129.05 respectively. So far 24,922 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs2,154.22cr.

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