JMC Projects bags new orders worth Rs942cr
• Four Laning of Madurai-Chettikulam section of NH 785 in Tamil Nadu on EPC basis for Rs486cr
• Two orders for construction of flyovers on NH 53 in Maharashtra for Rs456cr
Management says that these new orders and JMC’s strong order book give the confidence to achieve growth targets for 2018-19.
JMC, a subsidiary of Kalpataru Power Transmission Limited, is one of India’s leading contracting companies. With its focus on customer satisfaction, robust management and execution capabilities, JMC has emerged as one of the leading civil EPC Company. In last three decades, JMC has contributed towards country’s infrastructure by constructing highways, expressways, bridges, flyovers, townships, high-rise buildings, hospitals, industrial units, power plants among others.
JMC Projects (India) Ltd is currently trading at Rs588 up by Rs23.85 or 4.23% from its previous closing of Rs564.15 on the BSE.
The stock is currently trading above its 100 DMA.