JMC Projects stock jumps 4.5% on securing new orders of Rs1,524 crore

11 Aug 2022 , 01:02 PM

JMC Projects (India) Limited (JMC), a leading Civil Engineering and EPC Company has secured new orders of Rs1,524 crore. 

As per the filing, the project consists 

• EPC Project for Integrated Airport Development in Asia of Rs1,012 crore
• Water Projects in India of Rs370 crore
• B&F projects in India of Rs142 crore

Commenting on securing new orders, S. K. Tripathi, CEO & Managing Director said, “We are elated with the prestigious order for Integrated Airport Development. We continue to strengthen 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 explore our clientele and further strengthens our order book position. Our strong and diversified order book boosts our confidence to achieve targeted growth going forward.”

At around 1:03 PM, JMC Projects (India) was trading at Rs89.65 per share up by Rs3.8 or 4.43% from its previous closing of Rs85.85 per share on the BSE.