The company secured new orders of Rs 942 crore from National Highways Authority of India (NHAI).
Shares of JMC Projects rose 6.3 percent intraday Tuesday as company won an order worth Rs 942 crore.
The company secured new orders of Rs 942 crore from National Highways Authority of India (NHAI).
The orders include, four-laning of Madurai-Chettikulam section of NH 785 in Tamil Nadu on EPC basis for Rs 486 crore and two orders for construction of flyovers on NH 53 in Maharashtra for Rs 456 crore.
S. K. Tripathi (CEO & Dy. Managing Director) of JMC Projects said, "We are delighted with these new orders received in our infrastructure business, especially from NHAI. The increased capital outlay for infrastructure creation in India augurs well for our business and we see it as a major growth driver in the coming years."
"These new orders and JMC's strong order book gives us confidence to achieve our growth targets for 2018-19," he added.
At 10:54 hrs JMC Projects (India) was quoting at Rs 585.15, up Rs 21, or 3.72 percent on the BSE.
Posted by Rakesh Patil