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22 February, 2019 05:49 IST
JMC Projects secures new orders worth Rs 5.14 bn
Source: IRIS | 09 Oct, 2018, 10.49AM
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JMC Projects (India) (JMC), a leading Civil Engineering and EPC Company has secured new orders of Rs 5.14 billion.

Two orders totalling Rs 2.36 billion for construction of educational institutes in Andhra Pradesh.

Civil construction and related MEP works for residential building in Telangana for Rs 1.41 billion.

Civil works for a steel plant in Orissa for Rs 1.37 billion.

S. K. Tripathi (CEO & Dy. Managing Director) commented, ''We are pleased with the new order wins, especially in our core buildings & factory (B&F) business. With these new order wins we have further strengthened our institutional clients portfolio. We are particularly happy with our success in Industrial segment as this reaffirms our faith in the Industrial Business becoming a significant opportunity in the coming years. We remain confident of meeting our revenue and margin guidance for financial year 2018-19."

Shares of the company gained Rs 1.3, or 1.81%, to trade at Rs 73.25. The total volume of shares traded was 6,374 at the BSE (10.40 a.m., Tuesday).

J M C Projects (India) Limited   (Q,N,C,F)*

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