The company has secured new orders of Rs 596 crore which includes residential and commercial projects in South India totalling Rs 434 crore and civil works for a steel plant in Orissa for Rs 162 crore.
Share price of JMC Projects rose 3.7 percent in the early trade on Tuesday after company bagged an orders worth Rs 596 crore.
The company has secured new orders of Rs 596 crore which includes residential and commercial projects in South India totalling Rs 434 crore and civil works for a steel plant in Orissa for Rs 162 crore.
S. K. Tripathi (CEO & Dy. Managing Director) said, "We are pleased with the new order wins in our buildings & factory (B&F) business. Most of these new orders are repeat orders from our existing clients."
This reinstates that JMC continues to be a preferred partner by most of its clients. We remain confident of meeting our revenue and margin guidance for financial year 2018-19," he added.
JMC Projects (India) is a subsidiary of Kalpataru Power Transmission.
At 09:17 hrs JMC Projects (India) was quoting at Rs 89, up Rs 2, or 2.30 percent on the BSE.
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