JMC Projects secures new orders worth Rs615cr; stock trades flat - Highlight Investment Research

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Monday, 25 November 2019

JMC Projects secures new orders worth Rs615cr; stock trades flat

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JMC Projects (India) Limited (JMC), a leading Civil Engineering and EPC Company has secured new orders of Rs615cr.

Institutional and Commercial Building Projects in East and South India totalling Rs615cr have been bagged, the company said in the filing.

Currently, the stock is trading at Rs103, down by Rs0.45 or 0.43% from its previous closing of Rs103.45 on the BSE.

Commenting on securing new orders, S. K. Tripathi (CEO & Dy. Managing Director) commented, "we are delighted with the new order wins· especially in our Buildings & Factory (B&F) business. These orders along with the orders announced earlier help us to further strengthen our order book and widen our client base in the B&F business. We remain confident to deliver on our growth targets going forward."

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