JMC Projects gains on bagging orders worth Rs 1,524 crore

11 Aug 2022 , 11:24 AM

The company has bagged an EPC Project for Integrated Airport Development in Asia of Rs 1,012 crore, Water Projects in India of Rs 370 crore and Buildings & Factories (B&F) projects in India of Rs 142 crore. Commenting on securing new orders, S. K. Tripathi (CEO & managing director) commented: We are delighted with the new order wins, especially the prestigious order for Integrated Airport Development. We continue to strengthen and diversify our presence in the Urban Infrastructure business with addition of new verticals and markets. The new orders in the Water and B&F business help us to widen our clientele and further strengthens our order book. Our strong and diversified order book reaffirms our confidence to achieve targeted growth going forward. JMC Projects (India) (JMC), a subsidiary of Kalpataru Power Transmission, is one of the leading civil construction and infrastructure EPC company. JMC has emerged market leader in construction of Buildings & Factories (B&F), Water, Urban Infrastructure and Heavy Civil. The company reported a net profit of Rs 31.33 crore in the quarter ended June 2022 as against net loss of Rs 10.15 crore during the previous quarter ended June 2021. Sales rose 44.01% to Rs 1671.64 crore in Q1 FY23 over Q1 FY22. Powered by Capital Market – Live News