Stock Report

JMC Projects India Ltd secures new orders of Rs. 1,795 Crores



Posted On : 2021-12-01 20:01:38( TIMEZONE : IST )

JMC Projects (India) Limited (JMC), a leading Civil Engineering and EPC Company has secured new orders of Rs. 1,795 Crores. The details are as follows:

- Water Supply Projects in India of Rs.1,085 Crores
- B&F Projects in India of Rs.710 Crores

Commenting on securing new orders, Mr. 5. K. Tripathi (CEO & Managing Director) commented, "We are enthused with the new order wins in our Water and B&F business. These new orders will help us to further consolidate our position in high growth businesses. Amidst a challenging environment, these new orders also supports us to diversifying our clientele, generate additional business from existing marquee clients and appropriately manage commodity risk through pass through clauses.

JMC's order inflows for the current financial year has crossed Rs.9,750 Crores, giving us confidence to deliver good growth in the coming quarters."

Shares of JMC Projects (India) Limited was last trading in BSE at Rs. 91.60 as compared to the previous close of Rs. 92.25. The total number of shares traded during the day was 8749 in over 336 trades.

The stock hit an intraday high of Rs. 94.00 and intraday low of 90.80. The net turnover during the day was Rs. 804680.00.

Source : Equity Bulls

Keywords

JMCProjectsIndiaLimited INE890A01024 Construction Engineering OrderWin