JMC secures new orders of Rs. 1,363 Crores

JMC Projects (India) Limited (JMC), a leading Civil Engineering and EPC Company has secured new orders of Rs. 1,363 Crores. The details are as follows:

- Building Projects in South India totaling Rs. 1,169 Crores
- Water Supply Project in Bihar of Rs. 194 Crores

Commenting on securing new orders, Mr. S. K. Tripat hi (CEO & Dy. Managing Director) commented, "We are happy with the new order wins in the face of challenging market conditions. We continue to focus on scaling up our operations and improving our cost competitiveness. We are witnessing continuous improvements in operations and expect execution to normalise at pre-COVID levels by end of Q2FY21. With our order book of over Rs.11,400 Crores and Ll of Rs. 1,700 Crores, we remain confident to deliver positive and profitable growth for full year FY21."

Shares of JMC PROJECTS (INDIA) LTD. was last trading in BSE at Rs.48.4 as compared to the previous close of Rs. 47.6. The total number of shares traded during the day was 18464 in over 487 trades.

The stock hit an intraday high of Rs. 50.3 and intraday low of 47.35. The net turnover during the day was Rs. 909181.

Source : Equity Bulls

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