JMC Project spurts ~4% on securing orders worth Rs874 crore

22 Jun 2022 , 10:41 AM

JMC Projects (India) Limited (JMC), a leading Civil Engineering and EPC Company has informed the investors and exchanges of securing new orders of Rs874 crore.

The company has received one order for the Construction of elevated viaduct & five elevated stations of the Kanpur Metro Rail Project of Rs459 crore.

Another order received by the company is for Civil works for a Data Centre and B&F Projects in India of Rs415 crore.

“We are pleased with the additional orders we have received for our B&F and Urban Infra businesses. I am very excited about our first order in the data centre sector, which presents us with a large opportunity in this industry. The metro rail deal boosts our order book in the urban infra business and broadens the diversification of our portfolio.

These various orders also strengthen our customers and support our objective for establishing a presence in markets for high-growth infrastructure. Our confidence in achieving growth moving forward is reinforced by these orders and the current order book,” S. K. Tripathi (CEO & Managing Director) commented on securing orders.

At around 10.47 AM, JMC Projects was trading at Rs76.60 up by Rs2.95 or 4.01% from its previous closing of Rs73.65 on the BSE. The scrip opened at Rs82 and has touched a high and low of Rs82 and Rs75.35 respectively.