JMC Projects India Ltd secures new orders of Rs. 874 Crores

JMC Projects (India) Limited (JMC), a leading Civil Engineering and EPC Company has secured new orders of Rs. 874 Crores. The details are as follows:

- Construction of elevated viaduct & five elevated stations of Kanpur Metro Rail Project of Rs. 459 Crores

- Civil works for a Data Centre and B&F Projects in India of Rs. 415 Crores

Commenting on securing new orders, Mr. S. K. Tripathi (CEO & Managing Director) commented, "We are delighted with the new order wins in our Urban Infra and B&F business. I am particularly enthused with our first order in the data centre space, which opens up a large opportunity for us in this market. The metro rail order strengthens our portfolio diversification and improves order book in the urban infra business. These diverse orders also helps to widen our clientele and reinforces our strategy to establish presence in high growth infrastructure markets. These orders along with the existing order book reaffirm our confidence to achieve growth going forward."

Shares of JMC Projects (India) Limited was last trading in BSE at Rs. 73.65 as compared to the previous close of Rs. 73.20. The total number of shares traded during the day was 7150 in over 253 trades.

The stock hit an intraday high of Rs. 75.05 and intraday low of 72.45. The net turnover during the day was Rs. 523576.00.

Source : Equity Bulls

Keywords

JMCProjectsIndia INE890A01024 OrderWin