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JMC Projects Possesses New Business Projects Worth INR 547 Crore

JMC Projects, an Indian Construction and Engineering Company, revealed that it has accumulated contracts up to INR 547 Crore
BY BEx Bureau
BusinessEx
Mar 12, 2019

JMC Projects, an Indian Construction and Engineering Company, revealed that it has accumulated contracts up to INR 547 Crore. The gathered contracts are relatable to water pipeline, commercial and residential projects, as reported by the Indian daily news, The Economic Times.

Kalpataru Power Transmission is the parent organization which owns the venture, JMC Projects. The subsidiary company, JMC Projects was initiated in 1982. The current valuation of JMC stocks in NSE market is INR 118.00, up by 4.89 per cent as on 3.25 PM.

"JMC...has secured new orders of INR 547 crore," said the company, in its statement, as reported by the Indian daily news, The Economic Times.

The orders include a water pipeline project of Rs 315 crore and residential and commercial projects worth Rs 232 crore. the company further added, as reported by the Indian daily news, The Economic Times.

"These new orders along with earlier orders announced during the year, reaffirm our commitment to deliver sustainable and profitable growth going ahead. We remain confident to deliver on our guidance for the financial year 2018-19," said S K Tripathi, CEO and Deputy Managing Director at JMC projects, as reported by the Indian daily news, The Economic Times.

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