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JMC Projects bags new orders worth Rs942cr

JMC Projects Limited (JMC), a leading civil engineering and EPC company, has secured new orders worth Rs942cr from National Highways Authority of India (NHAI) for the following projects:

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.