JMC Projects secures new orders of Rs547cr; stock up 5%

"We remain confident to deliver on our guidance for financial year 2018-19", said S. K. Tripathi, CEO & Dy. Managing Director, JMC Projects (India) Limited.

Mar 12, 2019 05:03 IST India Infoline News Service

JMC Projects (India) Limited (JMC), a leading Civil Engineering and EPC Company has secured new orders of Rs547cr. The details are as follows:
  • Water pipeline project for Rs315cr
  • Residential and Commercial projects for Rs232cr
 
Commenting on securing new orders, SK Tripathi, CEO & Dy. Managing Director, JMC Projects (India) Limited commented, "We are happy with the new order wins in our Water and Buildings business. These new orders along with earlier orders announced during the year, reaffirms our commitment to deliver sustainable and profitable growth going ahead. We remain confident to deliver on our guidance for financial year 2018-19".

JMC Projects (India) Ltd is currently trading at Rs117.75 up by Rs5.8 or 5.18% from its previous closing of Rs111.95 on the BSE.
The scrip opened at Rs114.35 and has touched a high and low of Rs119.25 and Rs113.50 respectively. So far 1,36,894 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs1,879.70cr.

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