JMC Projects Rallies After Bagging Orders Worth Rs 1,460 Crore
JMC Projects (India) Ltd (JMC) is an arm of Kalpataru Power Transmission Ltd.
JMC Projects’ Rs 1,457 crore order breakup:
- Shipyard modernisation project in Goa: Rs 454 crore.
- Flyover project in Maharashtra: Rs 446 crore.
- Commercial project in Hyderabad: Rs 282 crore.
- Residential project in Bangalore: Rs 224 crore.
- Educational building project in Amravati: Rs 51 crore.
Stock rallied as much as 14.4 percent to Rs 240.
Civil engineering and EPC firm JMC Projects (India) Ltd. said it has bagged new construction projects worth over Rs 1,457 crore.
The company has bagged Rs 454 crore shipyard modernisation project in Goa, Rs 446 crore flyover project in Maharashtra, Rs 282 crore commercial project in Hyderabad, Rs 224 crore residential project in Bangalore, JMC Projects said in a filing to BSE. The company also bagged educational building project worth Rs 51 crore in Amravati, Andhra Pradesh.
Commenting on securing new orders, company's Chief Executive Office and Deputy Managing Director SK Tripathi said, "In the past few quarters, we have successfully increased our presence in government projects. It would enhance our growth sustainability going forward."
JMC Projects (India) is an arm of Kalpataru Power Transmission Ltd.