JMC secures new orders of Rs. 1,342 Crores

JMC Projects (India) Limited (JMC), a leading Civil Engineering and EPC Company has secured new orders of approx. Rs. 1,342 Crores. The details are as follows:

- Infrastructure Project in East Asia of approx. Rs.725 Crores
- Water Supply Projects in Odisha totalling Rs.471 Crores
- Building Project in North India of Rs.146 Crores

Commenting on securing new orders, Mr. S. K. Tripathi (CEO & Dy. Managing Director) commented, "We are pleased with the new order wins in midst of the challenging market conditions. We are particularly enthused with the new order win in East Asia, which enables us to further expand our presence in the international markets. We are confident that our strategy to diversify in the international markets will open up a huge opportunity for us going forward.

In the current year we have received orders exceeding Rs.5,300 Crores against the initial guidance of Rs.5,000 Crores, accordingly based on current prospects we are revising our order inflow target to Rs.7,500 Crores for 2020-21. Our strong and diversified order book will help us to deliver on growth and profitability targets going forward."

Shares of JMC PROJECTS (INDIA) LTD. was last trading in BSE at Rs.53 as compared to the previous close of Rs. 53.65. The total number of shares traded during the day was 1847 in over 49 trades.

The stock hit an intraday high of Rs. 53.6 and intraday low of 53. The net turnover during the day was Rs. 98574.

Source : Equity Bulls

Keywords